Skip to main content
Level 5
April 8, 2021
Question

How to report rental house on ranch

  • April 8, 2021
  • 8 replies
  • 32 views

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?

This topic has been closed for replies.

8 replies

IRonMaN
Level 15
April 8, 2021

Sounds like the correct plan.

Slava Ukraini!
dkh
Level 15
April 8, 2021

@IRonMaN  I've been trying to call you about the aluminum cans.   Someone named Jenny keeps answering the phone.  

IRonMaN
Level 15
April 8, 2021

@dkh - she gets a cut of my can business so please leave a message.  

Slava Ukraini!
dascpa
Level 11
April 8, 2021

Sorry, I just laughed at your post. Everytime I order wings thy ask ranch or blue cheese. So my answer is blue cheese.........