Farm Rental Income and Expenses

Farm Rental Income and Expenses OMB No. 1645-0074 Fen„ 4835 Department of the Treasury Internal Revenue Service (99) Name(s) shown on tax return (Crop and Livestock Shares (Not Cash) Received by Landowner (or Sub-Lessor)) (Income not subject to self-employment tax) P Attach to Form 1040 or Form 1040NR. P Information about Form 4835 and its instructions is at innvw.irs.govIlorm4835. 2014 Attachment Sequence No. LS/ your social security number Employer ID member (EIN), r any A Did you actively participate in the operation of this farm during 2014 (see instructions)? 0 Yes 0 No Part I Gross Farm Rental Income-Based on Production. Include amounts converted to cash or the equivalent. 1 2a Income from production of livestock, produce, grains, Cooperative distributions (Form(s) 1099-PATR) 2a I and other crops I 2b Taxable amount 3a Agricultural program payments (see instructions) 3a 3b Taxable amount 4 Commodity Credit Corporation (CCC) loans (see instructions): a b CCC loans reported under election CCC loans forfeited I 4b I 1 4c Taxable amount 5 Crop insurance proceeds and federal crop disaster payments (see instructions): a Amount received in 2014 58 1 5b Taxable amount c If Section to defer to 2015 is attached, check here Ila. D 5d Amount deferred from 2013 6 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) 7 Gross farm rental income. Add amounts in the right column for lines 1 through 6. Enter the total here and on Schedule E (Form 1040), line 42 Ila. 1 2b thr 4a 4c 5b 5d 6 7 Part II Expenses-Farm Rental Property. Do not include personal or living expenses. 8 Car and truck expenses (see 21 Pension and profit- Schedule F (Form 1040) sharing plans . . . P1 instructions). Also attach Form 4562 8 22 Rent or lease: 9 Chemicals 9 a Vehicles, machinery, and 10 Conservation expenses (see equipment (see instructions) 70 instructions). . . . 22a 11 Custom hire (machine work) . 11 b Other (land, animals, etc.) 22b 12 Depreciation and section 179 23 Repairs and maintenance 23 expense deduction not 24 Seeds and plants . . 24 claimed elsewhere . . . . 12 25 Storage and warehousing 26 13 Employee benefit programs other 28 Supplies 28 than on line 21 (see Schedule F 27 Taxes 27 (Form 1040) instructions). . . 13 28 Utilities 28 14 Feed 14 29 Veterinary, breeding, 15 Fertilizers and lime . . . . 16 and medicine . . . 29 16 Freight and trucking . . . 16 30 Other expenses 17 Gasoline. fuel. and oil . . . 17 (specify): 18 Insurance (other than health). 18 a 30a 19 Interest: b 30b a Mortgage (paid to banks, etc.) 19a c 30c b Other 19b d 30d 20 Labor hired (less employment e 30e credits) (see Schedule F (Form f 30f 1040) instructions) . . . . 20 9 30g 31 Total expenses. Add lines 8 through 30g (see instructions) Ila. 31 32 Net farm rental income or (loss . Subtract line 31 from line 7. If the result is income, enter it here and on Schedule E (Form 1040), file 40. If the result is a loss, you must go to lines 33 and 34 32 33 Did you receive an applicable subsidy in 2014? (see instructions) 33 E Yes . No 34 If line 32 is a loss, check the box that describes your investment in this activity 1 34a E All investment is at risk. c You may have to complete Form 8582 to determine your deductible loss, regardless of which box you checked (see instructions). If you checked box 34b, you must complete Form 6198 before going to Form 8582. In either case, enter the deductible loss here and on Schedule E (Form 1040), line 40 e inesonent is not at iisk For Paperwork Reduction Act Notice, see your tax return instructions. Form 4835 (2014) EFTA01220958