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Tax deadline for retired farmers
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Iowajim
Posted 2/28/2024 16:27 (#10643979 - in reply to #10642208)
Subject: RE: Tax deadline for retired farmers


NW Iowa
If you own land and can rent it out you will file April 15. If you crop share the land with the tenant you are still a farmer who files March 1 If you don’t estimate. If you have been farming your own land or have been paying cash rent and you retire and rent the land you own out on a crop share lease you get into another expensive tangle if you carry over income from the previous year. I just got caught up in this $$$$$.. It involves self employment tax.

Edited by Iowajim 2/28/2024 16:30
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