Dot Posted February 1, 2019 Report Posted February 1, 2019 Client inherited 160 acres of land from a relative. Half of the land is a gravel pit from which he receives royalty income. He does spend more than 200 hours a year in overseeing the trucks removing gravel and doing weed control. He has put up a $57000 storage shed and houses farm equipment there. The other half of the land is rented to a farmer for cash. I am unsure which form? Quote
Dot Posted February 2, 2019 Author Report Posted February 2, 2019 Thanks. That is what I decided. Now to calculate QBI! Quote
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