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New Member
posted Jun 6, 2019 12:54:08 PM

Is owning your farm/ranch now considered farm rental by turbotax?

0 8 545
8 Replies
Level 13
Jun 6, 2019 12:54:09 PM

If you're renting out your farm, then yes.  If you're operating it yourself, then no.

New Member
Jun 6, 2019 12:54:10 PM

Then why won't turbotax give me the option to pick farm and not farm rental, i need to do a schedule f

Level 13
Jun 6, 2019 12:54:12 PM

In my desktop version of TurboTax Home & Business I see interviews for both Farm Income and Expenses and Farm Rental Income and Expense.  If I choose the first interview and tell TurboTax that "I have income from operating a farm" then I'm working in Schedule F.

New Member
Jun 6, 2019 12:54:13 PM

I have to have self employed due to my spouse mowing a couple of time a year and getting a 1099.  Thank you, will keep looking.

Level 13
Jun 6, 2019 12:54:15 PM

TT Self Employed is the "online" version of TT Home & Business for "desktop".  I think TurboTax has been experimenting with having the SE version's interview more "streamlined" or "customized" or something so the Farm Income interview may be hiding.  I think there's some sort of "search" function in the online version so try and find that and type in "Farm" to see what comes up.

New Member
Jun 6, 2019 12:54:16 PM

I did find what I needed, i clicked the box for 1099 patronage since i had one but that's when it went into the rental stuff,  changed to farm income and that worked fine.  Thank you for your help.

Level 15
Jun 6, 2019 12:54:17 PM

Did you go to Federal > Income & Expenses > scroll down to Rentals, Royalties and Farm click on Show More

Then Start by Farm Income and Farm Rental

Do you get this far?  Then where do you get lost?  Then on the second screen you get the second screen shot

Level 15
Jun 6, 2019 12:54:19 PM

Second screen shot added above