Do i need to file schedule E or F for farm income?

[patti1]

Is a form 4835 also needed?

[Cattlerancher · Accepted solution]

If you operate a for-profit farm business raising farm products you file a schedule F only. Profits are called earned income and subject to SE tax.

Form 4835 is only used when you receive rental income from a farm in the form of a percentage of the crops raised on that farm, otherwise known as share crop income. This form flows to schedule E.

Schedule E is only used to report rental income paid to you in a monetary payment.