Screen KY4835 - Kentucky Farm Rental - Income (1120)

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Overview

Use this screen to calculate Kentucky farm rental income. Amounts that appear in Screen KY4835 are automatically transferred from federal Screen 4835. Enter Kentucky amounts to override these transferred amounts.

General Information

Description
Enter the property kind and location for Kentucky.

Subsidy Information (S Corp)

Qualifies as farming business for the excess loss calculation
Enter the property kind and location for Kentucky if the S Corporation is involved in a farming business. When you mark this field, the current-year income or loss reported on the KY Farm Rental Worksheet is reported in the KY Schedule K-1 statement for line 18.

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