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Form 4835 IN: What You Should Know

If your land is used for business other than farming, report your gross income earned from rental income, even if your rental business includes farming. Form 4835, farm rental income and expenses (crop — DUCAT If the rental income comes from a lease, or from an agreement to deliver the farm to the tenant, the leaser report the basis of rental income on Form 4835. However, if the rental income is from crop rent, the tenant does not report either the basis of the rent on Form 4835 or the rental income on his/her personal income tax return. Form 4835, farm rental income and expenses (crop — DUCAT Form 4835, farm rental income and expenses (crop — DUCAT If neither tenant nor lessee reports the basis of rental income on their individual income taxes, the farm rent should be reported on Form 4835. Landowners and sub-lessors that are engaged in farming under a crop-share contract may use a Form 1099 to report farm rental income earned from crops or livestock received by the lessee. However, Form 104 (and the corresponding related forms for farm business, if available) must be used by lessees to report rental income received from crops and livestock. To report rental income from crops and livestock not subject to income tax under 1099, use the following statement of organization: Form 8963: Farm Rental Income (Crop and Livestock Shares) of Self Employed/Income Tax Deductible (Include Crop Rental Income from Certain Non-Harvested Crop Rental Income) Form 8963, Farm Rental Income of Self-Employed/Income Tax Deductible (Crop and Livestock Shares), allows a taxpayer working more than 50 miles from their home to include in gross income any crop rental income from a farm of 50 acres or fewer. In addition, some farmers may be able to exclude agricultural operating expenses for their crops from their gross income. Form 104: Farming Entitlement Program Statement of Organization Form 104 is the form used by self-employed farmers to report their income from farming activities. A single person must use Form 104 for any farm operation, whether you are a farmer, sub-lessor, or tenant.

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