Tag: 'farm income and farm rental'
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From TurboTax
I don't have a farm. How do I delete Schedule F?
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From TurboTax
Where do I enter farm rental income?
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From the community
The new Tax Law allows farmers deductions for sales to farm cooperatives. Big arguments on if it is 20% or gross or net. I don't see this handled in Premier TuboTax.
Not sure this article is accurate about the 20% tax deduction available to farmers selling through coops. ...
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From the community
How do I properly enter info for a taxable grant reported to my farm business (LLC, own EIN) on a 1099-G?
Our farm business got a 1099-G with a box 6 taxable grant. I've found answers about how to enter a 1099-G...
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From the community
We live on 18 acres but don't farm it. A 5-acre field is rented to a neighbor. Rental income is reported on Sch E. How do I calculate the mortgage interest write-off?
I believe that I can write off both property taxes and mortgage interest on Schedule E for these 5 acres....
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From the community
We earned income from renting a farm (field) in Brazil with the income being a share of the production. How should we enter this income and the taxes paid in Brazil?
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From the community
How do I create a Schedule F instead of C? We have a farm but the Self-Employed version doesn't give me a 'business' tab as users saw from previous years.
I started filling out my information, without farm questions, and it's creating Schedule C's.
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From the community
Land Prep/Land clearing in '16 for future ag use in '17(after fencing finalized). Raising livestock. Rented dozer, bought diesel,etc. Getting mixed msgs on deductibility.
Need to start showing ag use for future ag property status with state. If we're actively improving land to...
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From the community
can the turbotax business do a 4835 farm rental for a llc partnership? I can only find the Sch F - not the 4835.
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From the community
1099-patr box 6
We own a farm and rent it to the farmers, who receive a portion of the crop proceeds. I receive a...