turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

decodoll
New Member

I own land in another state for which I am paid crop rent. I do not materially participate in the farm operation. Do I need to report this income?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DavidD66
Expert Alumni

I own land in another state for which I am paid crop rent. I do not materially participate in the farm operation. Do I need to report this income?

Yes.  It doesn't matter that you do not materially participate in the activity.  The income is sourced in that state, so unless they are one of the states with no income tax, you need to file a non resident tax return  for that state.  Although also taxable by the state you live in, they will give you a credit for tax paid to another state.  You prepare you non-resident state first, and then prepare your resident state return, so that you the credit is calculated properly.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies