Question

Looking for form 4835 for Farm Rental Income as a part of a 5-member LLC

Forum|Forum|4 years ago
April 10, 2022
2 replies
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In completing the 1065 filing details, I should file a 4835 since all members are non-participating members.

I am not able to figure out how to enter the farm rental income and expenses (for non actively participating operations). This should go on Form 4835 but I cannot find the right path to get data to that form in TurboTax Business 2021 for Windows Desktop.

Actually can't find that form listed anywhere in TurboTax Business...

TurboTax Business Windows

PatriciaV

Form 4835 is only available for TurboTax 1040 Individual Tax returns. The farm rental information should be reported on to the LLC members as rental income and expenses, with additional information provided in a supplemental statement if needed.

Additional Info:

TurboTax Tax Tip: What is Form 4835: Farm Rental Income and Expenses

IRS Form 4835 Farm Rental Income and Expenses

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M

mchrid

Hi, I am running into the same problem. Do we have to file 4835 for Farm Rental Income if we are part of a LLC.

PatriciaV

The multi-member LLC prepares Schedule K-1 for its members, which provides the information to be entered by the members on their personal tax returns and flows to Form 4835.

If you are a Single-Member LLC, you file Schedule F (Farming) as part of your personal tax return. Farm Rental Income will flow to Form 4835.

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