Menu

Search

Knowledge Base


10210: Form 4835 - Farm Rental Income and Expenses


Fed Returns Generally

How do I access Form 4835 for an individual return? Is Form 4835 available for an estate, trust, partnership, or S corp return? 

 

1040

Form 4835 is available in an individual return for taxpayers who need to report farm rental income based on crops or livestock produced by a tenant. Use screen 4835 on the income tab to make necessary entries. Note that certain persons should not use Form 4835; see the instructions for details.  

     Loss Limitations

Passive activity rules may limit how much of a 4835 loss you can take. The Activity Type on the 4835 screen affects this.

  • A - Active rental real estate - flows to 8582, line 1 ("Active Real Estate Activities") (DEFAULT)
  • B - Other passive activity - flows to 8582, line 3 ("All Other Passive Activities")
  • C - Real estate professional - does not flow to 8582

If you do not select an entry from the Activity Type drop list, A - Active rental real estate - flows to 8582 line 1 ("Active Real Estate Activities") (DEFAULT) is selected on the form.

For an explanation of how your loss is handled, look for a Form 8582 Passive Activity Loss Limitations and the associated worksheets Wks 8582* (where * is the worksheet number).

1041

An estate or trust with rental income and expenses from crop and livestock shares should use Schedule E (Form 1040), Part I instead.

1065/1120S 

Partnerships or S corporations with rental income and expenses from crop and livestock shares should use Form 8825 instead.

For more information, see the Form 4835 instructions.


Related Links


Also In This Category


On a scale of 1-5, please rate the helpfulness of this article


Not Helpful
Very Helpful
Optionally provide private feedback to help us improve this article...

Thank you for your feedback!


Details
Article has been viewed 10K times.
Last Modified: 7 Months Ago
Article not rated yet.
Options