Question:
We are buying a 68-acre piece of property. It is farmland but we are not farming. The land is leased for ten years for $10,000 a year. Is this an issue with my TDIU? We have no farming intention and we have no farming company or equipment. We just want the property and allow the lease to continue.
Jim's Reply:
No, purchasing land with the lease won't have any effect on your rating. The only thing that will affect your rating is working at gainful employment...that employment earning an income greater than the federal poverty level. Enjoy your property.