Schedule J farmer

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  • TAX4US
    Senior Member
    • Mar 2010
    • 551
    #1

    Schedule J farmer

    TP been farming 10 years. Sells farm. Has a cg of the farm land on line 13 and a large 4797 gain on line 14 and a small loss on farm line 18.



    I know I cannot use the cg from line 13 on Sch J but can I use line 14 on schedule J. It looks like I can since this is ordinary income. What do you think?
    Tags: None
    • TAX4US
      Senior Member
      • Mar 2010
      • 551
      #2
      Just moving back up to see some has run into this issue?

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