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February 27, 2022
Question

I own farm property that I rent on cash payments, I receive a form 1099- MISC from the renters do I need the schedule E or can it go under misc income?

  • February 27, 2022
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1 reply

February 27, 2022

The income would be reported on Schedule E since it is farmland rented for cash.

 

This TurboTax help article will help you with deductions and depreciation for the farm rental.

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