How to report rental house on ranch
Client purchased 5 acres with a house. House is a rental on 1/8 of an acre. Remaining acreage is being developed by client for farming citrus. Do I prepare a Sch E for rental house and Sch F for farming?
Client purchased 5 acres with a house. House is a rental on 1/8 of an acre. Remaining acreage is being developed by client for farming citrus. Do I prepare a Sch E for rental house and Sch F for farming?
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