Report a passive investment interest in a farm or farmland in Part 6.

Do not use these instructions if you have or your spouse has an active management role in the farm.  Report a farm that you manage as a business in Part 2, and report a farm that your spouse manages in Part 5.

For You, Your Spouse, and Your Dependent Children

Part 6

Report a passive investment interest in a farm or farmland if the value of the interest was more than $1,000 at the end of the reporting period or if more than $200 in income was received during the reporting period.

Description:

(1) Farm:  Provide the name of the farm; the location of the farm (either the city and state or the county and state); the business of the farm, such as crops or livestock; and, if applicable, an indication that the farm has been leased to a third party.  In addition, it is helpful if you specify the type of interest that you have in the farm. 

(2) Farmland:  Identify the interest as farmland and provide its location (either the city and state or the county and state).  In addition, if applicable, provide the name of the partnership or other entity used to hold the farmland and note any leasing arrangements.

EIF:  Select “N/A.”

Value:  Report the value of your interest by selecting the appropriate category.

Income Type:  Specify the type(s) of income if the total amount of income received during the reporting period exceeded $200.

Income Amount:

(1) Income less than $201:  Select the category for “None (or less than $201).”

(2) Dividends, capital gains, interest, rent, or royalties:  Select the category that corresponds to the total amount of income received during the reporting period.

(3) Other income:  Provide the exact amount of income received during the reporting period.

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