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March 25, 2024
Question

Sale of Rental Farmland

  • March 25, 2024
  • 1 reply
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In 1990 I bought a farm and farmed it myself through 2006.  The purchase included the land itself and some improvements that I  depreciated.   In 2007 and subsequent years I rented the farm out and was just the landlord for the property and received a crop share rent as well as participated in some of the farming expenses.  I sold the farm in 2023.  I cannot figure how to get to the TurboTax screen that allows me to enter this sale.  I've tried some of the options but none seem applicable.  I can't even find the information I partially entered.

1 reply

PatriciaV
March 26, 2024

Please clarify how you have been reporting the farm rental income in the past. This will affect how you report the property sale.

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March 26, 2024

Thanks.  VERY helpful!