Deleted
Joined: Nov 24, 2024 14:34:55 GMT -5
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Post by Deleted on Feb 11, 2011 10:47:54 GMT -5
I have a new client who leases a field to a farmer. He does not farm himself. He received a 1099-PATR from the cooperative that holds the mortgage on the land. Does the rental income and expenses for the farm land go on Sch E or F? If it goes on Sch E do you report the 1099-PATR income on Sch E also or on Sch F.
Thanks.
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Post by ilea on Feb 12, 2011 8:26:59 GMT -5
Farm rental/lease goes on form 4835. 1099-PATR income goes on line 2.
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