Question

money from leasing my land

Forum|Forum|4 years ago
February 14, 2022
1 reply
0 views

Do I need to report 1200 dollars I received for leasing my land for cattle grazing?

Yes, this is rental income. Farm land rented for cash goes directly onto schedule E.

Farm Rental is for when the landlord receives share crop income, (a percentage of the crop raised, not a cash payment). Landowners and sub-lessors that do not materially participate in the operation or management of the farm (for self-employment tax purposes), file this form to report farm rental income based on crops or livestock produced by the tenant.