CLIENT HAS HUNTING LEASE INCOME - HE HAS A FARM OPERATION(PROFITABLE) IS THAT INCOME SCH F OR SCH E

[pm1040]

IS HUNTING LEASE  INCOME SCH F OR SCH E  ( NO EXPENSES ON THE INCOME)

[jeffmcpa2010]

disclaimer: No research backs up this opinion.

My opinion - Other income on Schedule F

[PATAX]

I think you are right Jeff... He is leasing the land.... just my opinion...

[Skylane · Accepted solution]

I’d probably use sch e but don’t think it really matters. It’s income not subj to SE

[BobKamman]

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?

[dkh]

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