Question

farm rental income

Forum|Forum|4 years ago
March 3, 2022
1 reply
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I own 10 acres and lease 8 of them for hay production and am active in the maintenance of the whole property. How do I input the rental income and costs associated with operating like this?

J

JulieS

To enter Farm Rental income:

Select Federal on the left side menu.
Under Wages & Income, find Rentals, Royalties, and Farm.
Expand the section and select Farm Income and Farm Rental
Select Start/Edit to the right.
On the question, Did you have any farm or farm rental income in 2021? answer Yes.
On the next screen select all that apply.