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Level 1
posted Mar 11, 2023 1:53:00 PM

I have farm rental income from a farm in which I do NOT materially participate. Instead of reporting it on form 4835, TurboTax reports on Schedule F. How can I fix this?

I indicate in the information section that I do NOT materially participate in this farm, but it is still reported on Schedule F.

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1 Best answer
Expert Alumni
Mar 11, 2023 8:00:12 PM

Here's how to report farm rental income on Form 4835:

 

  1. Tap Federal in the left column,
  2. Tap Wages & Income
  3. Scroll down to Rentals, Royalties and Farm, and select Show more
  4. Select Farm Income and Farm Rental
  5. On "Did you have any farm or farm rental income in 2022?" tap Yes
  6. On "Tell Us About Your Farm or Farm Rental Income," select I received a share of the production from my farm rental
  7. Select I did not materially participate in my farm rental, then Continue
  8. Complete the rest of the screens

Learn more at What is Form 4835: Farm Rental Income and Expenses

3 Replies
Expert Alumni
Mar 11, 2023 8:00:12 PM

Here's how to report farm rental income on Form 4835:

 

  1. Tap Federal in the left column,
  2. Tap Wages & Income
  3. Scroll down to Rentals, Royalties and Farm, and select Show more
  4. Select Farm Income and Farm Rental
  5. On "Did you have any farm or farm rental income in 2022?" tap Yes
  6. On "Tell Us About Your Farm or Farm Rental Income," select I received a share of the production from my farm rental
  7. Select I did not materially participate in my farm rental, then Continue
  8. Complete the rest of the screens

Learn more at What is Form 4835: Farm Rental Income and Expenses

New Member
Mar 2, 2024 7:24:13 AM

I have farm rental income and I do participate. I have used the form 4835 for years to deduct my vehicle expense checking on the condition of the farm and coordinate with the farmer.

It seems so simple to me that if Turbo Tax would have a selection: Farm Operation for Form F, or Farm Rental for Form 4835.

Employee Tax Expert
Mar 6, 2024 12:28:25 PM

What version of TurboTax are you using, @augiedeg? Most TurboTax versions list a business topic for Farm Income and Farm Rental. The first question has options for either "operating a farm" or "payments from farm rental." Depending on the choice made here, the program directs you through the entries needed to complete either Form 4835 or Schedule F.