Schedule F Form – Fill Out and Use This PDF

Schedule F Form PDF Details

Schedule F (Form 1040), Profit or Loss From Farming, is the IRS schedule for reporting farm income and expenses. The form says to attach it to Form 1040, 1040-SR, 1040-SS, 1040-NR, 1041, or 1065. It asks for the principal crop or activity, the activity code, the accounting method (cash or accrual), and whether you materially participated in the business during the year. Part I lists farm income under the cash method, including sales of livestock, produce and grains, cooperative distributions, agricultural program payments, Commodity Credit Corporation loans, crop insurance proceeds and custom hire income. Part II lists farm expenses for both methods, such as feed, fertilizers and lime, labor hired, rent, repairs and depreciation. Part III covers farm income under the accrual method. The IRS posts the instructions at irs.gov/ScheduleF.