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Moral Dilemma and PPP
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MiradaAcres
Posted 1/21/2021 12:08 (#8769398 - in reply to #8767984)
Subject: RE: Moral Dilemma and PPP



scmn

Farmland rental income is reported on Form 8535 (looks just like schedule F) which is entered on Schedule E line 40 so it is not included on Schedule F lines 1 thru 9.  Likewise, agricultural program payments related to farmland rental income are also reported on Form 4835.  The difference between Form 4835 and Schedule F is that Schedule F is earned income and Schedule E/Form 4835 is passive income so no self-employment tax is due on Schedule E/Form 4835 profits.

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