Married individuals who file separate returns: Individuals who elect to exclude income from a farm tenancy agreement shall not claim the following in the year in which the election is made or in any succeeding year: Must be a party to a farm tenancy agreementĪ farm tenancy agreement is a written agreement outlining the rights and obligations of an owner-lessor and a tenant-lessee where the tenant-lessee has a farm tenancy as defined in Iowa Code section 562.1A.Can no longer materially participate in a farming business.Must be55 years of age or older or disabled at the time of the election.Must have materially participated in the farming business for 10 or more years.
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