Farm Income from a state that I don't live in.

[Steve1111]

Inherited farm this year (Illinois) and moving to Missouri or Kansas next year. Implications for near and long term taxes for the farm income? I am currently retired, not collect SS yet.

[AnnieK · Accepted solution]

Hi Steve1111,

Thank you for your question.

Income from Farming will be reported on Schedule F on your Federal tax return, Form 1040.

Please refer to Publication 225 - Farmer's Tax Guide https://www.irs.gov/publications/p225 

Since the farm is located in another state, you would need to prepare a tax return for your non-resident state and for your resident state.    

Have a great day!