gfizer Posted January 23, 2012 Report Posted January 23, 2012 I'm having brain lock. I have a general partnership whose only activity is farm rental. Do I report this on Form 8825? I appreciate your help. Quote
Ranger Posted January 25, 2012 Report Posted January 25, 2012 Yes, form 8825 is the one to use for cash or crop shares. For partnerships there is no form 4835 to report crops shares. Not knowing the circumstances, I would question whether it is truly a partnership that needs to be reported on 1065. Quote
gfizer Posted January 27, 2012 Author Report Posted January 27, 2012 Thanks. I think it is properly reported on 1065. The partnership, which is a multi-member LLC, is made of 3 siblings who inherited their grandmother's farm. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.