EFTA01222718.pdf

Farm Rental Income and Expenses OMB No. 1545-0074 Form4835 (Crop and Livestock Shares (Not Cash) Received by Landowner (or Sub-Lessor)) (Income not subject to sell-employment tax) 2017 Department or the Treasury ► Attach to Form 1040 or Form 1040NR. Attachment Interrol Revenue Service (99) ► Go to www.lrs.gov/Form4835 for the latest Information. Sequence No. 37 Name(s) shown on tax return Your social security number Employer ID number (EIN), If any I i I I I I I I I A Did you actively participate in the operation of this farm during 2017? See instructions ❑ Yes ❑ No Part I Gross Farm Rental Income—Based on Production. Include amounts converted to cash or the equivalent. 1 Income from production of livestock, produce, grains, and other crops 1 2a Cooperative distributions (Form(s) 1099-PATR) 2a 213 Taxable amount 2b 3a Agricultural program payments (see instructions) 3a 313 Taxable amount 3b 4 Commodity Credit Corporation (CCC) loans (see instructions): a CCC loans reported under election 4a b CCC loans forfeited I 4bl 14c Taxable amount 4c 5 Crop insurance proceeds and federal crop disaster payments (see instructions): a Amount received in 2017 15a I 5b Taxable amount 5b c If Section to defer to 2018 is attached, check here ► ❑ 5d Amount deferred from 2016 5d 6 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) 6 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 ► 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 . . . 21 instructions). Also attach Form 4562 8 22 Rent or lease: 9 Chemicals 9 a Vehicles, machinery, and 10 Conservation expenses (see equipment (see instructions) 10 instructions). . . . 22a 11 Custom hire (machine work) 11 b Other (land, animals, etc.) 2213 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 25 13 Employee benefit programs other 26 Supplies 26 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) a 30a 19 Interest: b 3013 a Mortgage (paid to banks, etc ) 19a 30c b Other 1913 d 30d 20 Labor hired (less employment e 30e credits) (see Schedule F (Form f 30f 1040) instructions) . . . . 20 g 30g 31 Total expenses. Add lines 8 through 30g. See instructions ► 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), line 40. If the result is a loss, you must go to lines 33 and 34. See instructions 32 33 Did you receive an applicable subsidy in 2017? See instructions 33 ❑ Yes ❑ No 34 If line 32 is a loss, check the box that describes your investment in this activity. See 34a ❑ All Investment is at risk instructions 3413 ❑ Sine rivesbnent is not at risk c You may have to complete Form 8582 to determine your deductible loss, regardless of which box you checked. 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. See instructions For Paperwork Reduction Act Notice, see your tax return Instructions. Form 4835 (2017) EFTA01222718