The_AntiTax_Man
Level 8
2 weeks ago
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@ret It depends upon the facts and circumstances of your taxpayer. What is his/her level of involvement in the beef enterprise? What other farming/ranching activities is the taxpayer involved in? Is there a direct nexus between these other activities?
If your taxpayer is only doing landlord things, then yes, you can file on Form 4835. IE: As a landlord he can fix fence and paint buildings but not much beyond that.
Livestock share arrangements were fairly common once-upon-a-time. Not as common now-a-days, but still can qualify as rental income [Form 4835] if structured properly. It is up to you to decide.