Farm Rentals
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Course Content
Course Description
This 1-credit course focuses on farm rental arrangements and the tax reporting decisions that drive real outcomes for clients. You will learn how to distinguish common farm rental fact patterns, select the right reporting form, and avoid the most common self-employment tax mistakes tied to material participation and landlord services.
The course compares the practical use of Schedule E, Schedule F, and Form 4835, and explains why those choices matter. You will also review how to identify and document material participation, and how rental type (crop ground vs. pasture, fixed cash rent vs. more involved arrangements) changes the analysis.
Topics Covered: Cash rent basics; crop ground vs. pasture; Schedule E vs. Form 4835; when Schedule F applies; material participation overview; landlord services and SE tax risk; expense and depreciation considerations; entity reporting references.
Learning Objectives
- Identify common farm rental arrangements and the facts that change tax treatment.
- Select the appropriate reporting form (Schedule E, Schedule F, Form 4835, and when relevant, Form 8825).
- Evaluate material participation and understand how it can affect self-employment tax exposure.
- Distinguish rental income from farming business income using practical, scenario-based analysis.
- Document participation and services facts in a way that supports the position taken on the return.
- Apply a consistent workflow to reduce errors in farm rental classification and reporting.
About The Presenter:
Randy Adams EA, MSA
Randy manages two accounting offices near Des Moines IA. He has been preparing taxes since 1992. He holds a master’s degree in accounting and is an Enrolled Agent with the Internal Revenue Service. He really enjoys meeting with fellow tax preparers and has traveled to many states as a tax instructor. When not working or out on the road instructing, he enjoys hiking in the National Parks or biking the many trails throughout Iowa.
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