teaman1
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@Cattlerancher Yes, I am reporting as income the figure the farmer provided on the 1099-MISC which is an amount after he took out the cost of the trees from the...
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Thanks for your addition and clarification!
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@Cattlerancher are you willing to respond to my comment above and confirm if you still think your original answer is correct in light of my added details in my ...
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@Cattlerancher I'm not really concerned with his taxes, just trying to determine how to report this. The original agreement formula was Crop %share Amt - x/acre...
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@Cattlerancher Thank you for your responses!I spoke to my farmer (renter of the crop) and he still claims by reducing my crop portion check it's already expense...
Activity Feed for teaman1
- Posted Can I depreciate farm assets (nut trees in my case) purchased in previous years that I forgot to depreciate then on this year's taxes? If so, how do I catch up? on After you file. June 6, 2019 4:18 AM
- Posted @Cattlerancher Yes, I am reporting as income the figure t... on Investors & landlords. June 4, 2019 1:48 PM
- Posted Thanks for your addition and clarification! on Investors & landlords. June 4, 2019 1:48 PM
- Posted @Cattlerancher are you willing to respond to my comment a... on Investors & landlords. June 4, 2019 1:48 PM
- Posted @Cattlerancher I'm not really concerned with his taxes, j... on Investors & landlords. June 4, 2019 1:48 PM
- Posted @Cattlerancher Thank you for your responses! I spoke to... on Investors & landlords. June 4, 2019 1:48 PM
- Posted Can I depreciate the cost of nut trees the rental farmer purchases to replace dead trees with if he has already subtracted their cost off my crop check already? on Investors & landlords. June 4, 2019 1:48 PM
- Posted Are you suggesting editing the original entry for asset c... on Investors & landlords. June 4, 2019 1:30 PM
- Posted How to handle depreciation of a collection of nut trees not yet fully depreciated and which some of the trees have died and been removed? on Investors & landlords. June 4, 2019 1:30 PM