Hi, I and my brother inherited some land that is in CRP (conservation reserve program). They payment they give each year is about 9,500$, for both of us as its in a trust. We already paid 2.500$ in property taxes. I was wondering if we had to pay oe even file an income tax return, as it is our only income. I know the low income exemption is 8,450$, but does anyone know if my situation is different. I don't know where else to ask, except an accountant, which I can't afford. Thanks very much for any help.
2007-06-08
17:41:32
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4 answers
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asked by
mr.longcoats
1
in
United States