Form 4835 - QBI Deduction

[Hoosier]

I'm sure this has already been covered but... Client has a form 4835 for the rental of farm land to a local farmer. Does the income received for rent and reported on form 4835 qualify for the QBI Deduction? Client is not a real estate professional and is not in the business of farming or renting property. He just happens to have some land he rents out to the local farmer. Thanks.

[TAXNJ]

I'm sure this has already been covered but... Client has a form 4835 for the rental of farm land to a local farmer. Does the income received for rent and reported on form 4835 qualify for the QBI Deduction? Client is not a real estate professional and is not in the business of farming or renting property. He just happens to have some land he rents out to the local farmer. Thanks.

See

https://forum.thetaxbook.com/forum/discussion-forums/main-forum-tax-discussion/295888-cash-rents-vs-crop-share-and-sec-199a-deduction-and-se-tax

[TAXNJ]

You might consider following these sites:

https://www.calt.iastate.edu/blogpos...tions-released

and

https://www.irs.gov/newsroom/heres-how-tax-reform-affects-farmers-and-ranchers

[Twin Turbo Z]

Form 4835 is to report farm rental income based on crops or livestock produced by the tenant. If all your client does is cash rent the land, then it goes on Schedule E. And in our opinion, the 250 hours comes into play for QBI. IRS Farmers Guide Pub. 225 and Form 4835 instructions will help you out.