"Rod" <free_tickets...[at]yahoo.com> wrote:
- quote -

Perfect. Thanks for the help.

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"Rod" <free_tickets...[at]yahoo.com> wrote:
- quote -

Perfect. Thanks for the help.

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<dejaemail[at]yahoo.com> wrote:

- quote -

if is share rent form 4835
if is cash rent then schedule E

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

- quote -

Use Form 4835.

http://www.irs.gov/pub/irs-pdf/f4835.pdf

The farm rental income from Form 4835, line 32 gets carried
to Schedule E, lines 40 and 41 (Part V), and from there to
Form 1040, line 17.

http://www.irs.gov/pub/irs-pdf/f1040se.pdf

Frederick Lorca

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dejaem...[at]yahoo.com wrote:

- quote -

If you just rented the land, report it on Schedule E. You
can include expenses incurred with the rental, e.g. property
tax, to reduce the amount of tax you will owe on the income.

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We had a small amount of farm rental income. We did not
materialy participate in any of the farming, we just rented
the land. Where and what form/line does this get reported?

Thanks

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >