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IS HUNTING LEASE INCOME SCH F OR SCH E ( NO EXPENSES ON THE INCOME)
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disclaimer: No research backs up this opinion.
My opinion - Other income on Schedule F
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I think you are right Jeff... He is leasing the land.... just my opinion...
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I’d probably use sch e but don’t think it really matters. It’s income not subj to SE
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Do the farm activities attract the wildlife that attract the hunters?
The question really is about SE tax. If a billboard company pays to put up a sign on the road that runs past the farm, does that go on Sch F? What if the sign is for a restaurant that buys the farm's produce?
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Are they hunting on the land that is farmed or in the wooded area which cannot be farmed?
My opinion - hunting on land that cannot be farmed - Sched E hunting land that is producing for farm Sched F