I and my siblings are all 1/4th owners of our family farm, the land is leased for farming to another farming operation. My father still pays all all taxes and expenses, and he receives all income, but the property is now in my name. Do I have to report anything to the feds or the state, I live in AZ and the farm is in IN?
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No, as long as your father is reporting everything on his return. And probably still no, even if he isn't. You have not received any income or paid an expenses.
No, as long as your father is reporting everything on his return. And probably still no, even if he isn't. You have not received any income or paid an expenses.
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