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March 1, 2023
Question

Does Turbo tax Premier cover out of state farm rental income filing?

  • March 1, 2023
  • 1 reply
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Uses form 4835. Do I have to upgrade in order to cover out of state farm rental income?

1 reply

March 1, 2023

TurboTax Premier does support Form 4835 Farm Rental Income and Expenses.

 

Form 4835 is the way for non-participating farmland owners to report their farm income and expenses. 

  • In other words, you merely rent out your land to farmers and do not materially participate in the labor or management of the farming process yourself, you are considered a landowner, not a farmer, according to the IRS.
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