Tax Guide |
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Farmers must report their income from farming in a variety of different ways. If you are in the trade or business of farming, you must complete and file Schedule F, along with your IRS Form 1040. This form is very similar to Schedule C, and most of your expense deductions, tax credits, and gains and losses are computed using the same rules.
Schedule F (Form 1040), Profit or Loss From Farming
Instructions for Schedule F (Form 1040), Profit or Loss From Farming
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Adobe Acrobat Reader is available, without charge, at the Adobe website.
For more information, see our discussion of Schedule F.
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