IRS Form 1040 2018 Schedule F - Profit or Loss From Farming

IRS Form 1040 or the "Schedule F - Profit Or Loss From Farming" is a form issued by the U.S. Department of the Treasury - Internal Revenue Service.

A PDF of the latest IRS Form 1040 can be downloaded below or found on the U.S. Department of the Treasury - Internal Revenue Service Forms and Publications website.

Step-by-step Form 1040 instructions can be downloaded by clicking this link.

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SCHEDULE F
Profit or Loss From Farming
OMB No. 1545-0074
(Form 1040)
2018
Attach to Form 1040, Form 1040NR, Form 1041, or Form 1065.
Department of the Treasury
Attachment
14
Go to www.irs.gov/ScheduleF for instructions and the latest information.
Internal Revenue Service (99)
Sequence No.
Name of proprietor
Social security number (SSN)
A Principal crop or activity
B Enter code from Part IV
C Accounting method:
D Employer ID number (EIN), (see instr)
Cash
Accrual
E Did you “materially participate” in the operation of this business during 2018? If “No,” see instructions for limit on passive losses
Yes
No
F Did you make any payments in 2018 that would require you to file Form(s) 1099 (see instructions)? .
Yes
No
.
.
.
.
.
.
.
.
G If “Yes,” did you or will you file required Forms 1099? .
Yes
No
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Part I
Farm Income—Cash Method. Complete Parts I and II (Accrual method. Complete Parts II and III, and Part I, line 9.)
1a
1a
Sales of livestock and other resale items (see instructions) .
.
.
.
.
b
Cost or other basis of livestock or other items reported on line 1a .
.
.
1b
c
Subtract line 1b from line 1a .
.
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.
1c
2
2
Sales of livestock, produce, grains, and other products you raised
.
.
.
.
.
.
.
.
.
.
.
.
3a
Cooperative distributions (Form(s) 1099-PATR)
.
3a
3b Taxable amount
3b
4a
Agricultural program payments (see instructions) .
4a
4b Taxable amount
4b
5a
5a
Commodity Credit Corporation (CCC) loans reported under election .
.
.
.
.
.
.
.
.
.
.
.
b
CCC loans forfeited
.
.
.
.
.
.
.
.
.
5b
5c Taxable amount
5c
6
Crop insurance proceeds and federal crop disaster payments (see instructions)
a
Amount received in 2018
.
.
.
.
.
.
.
6a
6b Taxable amount
6b
c
6d
6d
If election to defer to 2019 is attached, check here
Amount deferred from 2017
7
Custom hire (machine work) income
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
7
8
Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) .
.
.
.
8
9
Gross income. Add amounts in the right column (lines 1c, 2, 3b, 4b, 5a, 5c, 6b, 6d, 7, and 8). If you use the
accrual method, enter the amount from Part III, line 50. See instructions .
.
.
.
.
.
.
.
.
.
9
Part II
Farm Expenses—Cash and Accrual Method. Do not include personal or living expenses. See instructions.
23
23
Pension and profit-sharing plans
10
Car and truck expenses (see
instructions). Also attach Form 4562
10
24
Rent or lease (see instructions):
11
Chemicals .
.
.
.
.
.
11
a
Vehicles, machinery, equipment
24a
12
Conservation expenses (see instructions)
12
b
Other (land, animals, etc.)
.
.
24b
13
13
25
25
Custom hire (machine work) .
Repairs and maintenance
.
.
26
Seeds and plants .
.
.
.
.
26
14
Depreciation and section 179
expense (see instructions)
.
14
27
Storage and warehousing
.
.
27
28
28
Supplies
.
.
.
.
.
.
.
15
Employee benefit programs
other than on line 23 .
.
.
15
29
Taxes .
.
.
.
.
.
.
.
29
16
Feed
.
.
.
.
.
.
.
16
30
Utilities .
.
.
.
.
.
.
.
30
17
17
31
31
Fertilizers and lime
.
.
.
Veterinary, breeding, and medicine
18
Freight and trucking .
.
.
18
32
Other expenses (specify):
19
Gasoline, fuel, and oil .
.
.
19
a
32a
20
Insurance (other than health)
20
b
32b
21
c
32c
Interest (see instructions)
a
Mortgage (paid to banks, etc.)
21a
d
32d
b
Other
.
.
.
.
.
.
.
21b
e
32e
22
22
f
32f
Labor hired (less employment credits)
33
Total expenses. Add lines 10 through 32f. If line 32f is negative, see instructions .
.
.
.
.
.
.
33
34
Net farm profit or (loss). Subtract line 33 from line 9 .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
34
If a profit, stop here and see instructions for where to report. If a loss, complete lines 35 and 36.
35
Reserved for future use.
36
Check the box that describes your investment in this activity and see instructions for where to report your loss.
a
All investment is at risk.
b
Some investment is not at risk.
For Paperwork Reduction Act Notice, see the separate instructions.
Schedule F (Form 1040) 2018
Cat. No. 11346H
SCHEDULE F
Profit or Loss From Farming
OMB No. 1545-0074
(Form 1040)
2018
Attach to Form 1040, Form 1040NR, Form 1041, or Form 1065.
Department of the Treasury
Attachment
14
Go to www.irs.gov/ScheduleF for instructions and the latest information.
Internal Revenue Service (99)
Sequence No.
Name of proprietor
Social security number (SSN)
A Principal crop or activity
B Enter code from Part IV
C Accounting method:
D Employer ID number (EIN), (see instr)
Cash
Accrual
E Did you “materially participate” in the operation of this business during 2018? If “No,” see instructions for limit on passive losses
Yes
No
F Did you make any payments in 2018 that would require you to file Form(s) 1099 (see instructions)? .
Yes
No
.
.
.
.
.
.
.
.
G If “Yes,” did you or will you file required Forms 1099? .
Yes
No
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Part I
Farm Income—Cash Method. Complete Parts I and II (Accrual method. Complete Parts II and III, and Part I, line 9.)
1a
1a
Sales of livestock and other resale items (see instructions) .
.
.
.
.
b
Cost or other basis of livestock or other items reported on line 1a .
.
.
1b
c
Subtract line 1b from line 1a .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
1c
2
2
Sales of livestock, produce, grains, and other products you raised
.
.
.
.
.
.
.
.
.
.
.
.
3a
Cooperative distributions (Form(s) 1099-PATR)
.
3a
3b Taxable amount
3b
4a
Agricultural program payments (see instructions) .
4a
4b Taxable amount
4b
5a
5a
Commodity Credit Corporation (CCC) loans reported under election .
.
.
.
.
.
.
.
.
.
.
.
b
CCC loans forfeited
.
.
.
.
.
.
.
.
.
5b
5c Taxable amount
5c
6
Crop insurance proceeds and federal crop disaster payments (see instructions)
a
Amount received in 2018
.
.
.
.
.
.
.
6a
6b Taxable amount
6b
c
6d
6d
If election to defer to 2019 is attached, check here
Amount deferred from 2017
7
Custom hire (machine work) income
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
7
8
Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) .
.
.
.
8
9
Gross income. Add amounts in the right column (lines 1c, 2, 3b, 4b, 5a, 5c, 6b, 6d, 7, and 8). If you use the
accrual method, enter the amount from Part III, line 50. See instructions .
.
.
.
.
.
.
.
.
.
9
Part II
Farm Expenses—Cash and Accrual Method. Do not include personal or living expenses. See instructions.
23
23
Pension and profit-sharing plans
10
Car and truck expenses (see
instructions). Also attach Form 4562
10
24
Rent or lease (see instructions):
11
Chemicals .
.
.
.
.
.
11
a
Vehicles, machinery, equipment
24a
12
Conservation expenses (see instructions)
12
b
Other (land, animals, etc.)
.
.
24b
13
13
25
25
Custom hire (machine work) .
Repairs and maintenance
.
.
26
Seeds and plants .
.
.
.
.
26
14
Depreciation and section 179
expense (see instructions)
.
14
27
Storage and warehousing
.
.
27
28
28
Supplies
.
.
.
.
.
.
.
15
Employee benefit programs
other than on line 23 .
.
.
15
29
Taxes .
.
.
.
.
.
.
.
29
16
Feed
.
.
.
.
.
.
.
16
30
Utilities .
.
.
.
.
.
.
.
30
17
17
31
31
Fertilizers and lime
.
.
.
Veterinary, breeding, and medicine
18
Freight and trucking .
.
.
18
32
Other expenses (specify):
19
Gasoline, fuel, and oil .
.
.
19
a
32a
20
Insurance (other than health)
20
b
32b
21
c
32c
Interest (see instructions)
a
Mortgage (paid to banks, etc.)
21a
d
32d
b
Other
.
.
.
.
.
.
.
21b
e
32e
22
22
f
32f
Labor hired (less employment credits)
33
Total expenses. Add lines 10 through 32f. If line 32f is negative, see instructions .
.
.
.
.
.
.
33
34
Net farm profit or (loss). Subtract line 33 from line 9 .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
34
If a profit, stop here and see instructions for where to report. If a loss, complete lines 35 and 36.
35
Reserved for future use.
36
Check the box that describes your investment in this activity and see instructions for where to report your loss.
a
All investment is at risk.
b
Some investment is not at risk.
For Paperwork Reduction Act Notice, see the separate instructions.
Schedule F (Form 1040) 2018
Cat. No. 11346H
2
Schedule F (Form 1040) 2018
Page
Part III
Farm Income—Accrual Method (see instructions).
37
Sales of livestock, produce, grains, and other products (see instructions)
.
.
.
.
.
.
.
.
.
.
37
38a
38a
38b Taxable amount
38b
Cooperative distributions (Form(s) 1099-PATR)
.
39a
Agricultural program payments .
.
.
.
.
.
39a
39b Taxable amount
39b
40
Commodity Credit Corporation (CCC) loans:
a
CCC loans reported under election .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
40a
b
40b
40c Taxable amount
40c
CCC loans forfeited
.
.
.
.
.
.
.
.
.
41
Crop insurance proceeds
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
41
42
Custom hire (machine work) income
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
42
43
43
Other income (see instructions) .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
44
Add amounts in the right column for lines 37 through 43 (lines 37, 38b, 39b, 40a, 40c, 41, 42, and 43) .
.
44
45
Inventory of livestock, produce, grains, and other products at beginning of
45
the year. Do not include sales reported on Form 4797
.
.
.
.
.
.
.
46
Cost of livestock, produce, grains, and other products purchased during the
year .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
46
47
Add lines 45 and 46 .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
47
48
48
Inventory of livestock, produce, grains, and other products at end of year
.
49
Cost of livestock, produce, grains, and other products sold. Subtract line 48 from line 47*
.
.
.
.
.
49
50
Gross income. Subtract line 49 from line 44. Enter the result here and on Part I, line 9
50
.
.
.
.
.
*If you use the unit-livestock-price method or the farm-price method of valuing inventory and the amount on line 48 is larger than the amount on line
47, subtract line 47 from line 48. Enter the result on line 49. Add lines 44 and 49. Enter the total on line 50 and on Part I, line 9.
Part IV
Principal Agricultural Activity Codes
Do not file Schedule F (Form 1040) to report the
111300
Fruit and tree nut farming
!
following.
111400
Greenhouse, nursery, and floriculture production
• Income from providing agricultural services such as
111900
Other crop farming
CAUTION
soil preparation, veterinary, farm labor, horticultural, or
Animal Production
management for a fee or on a contract basis. Instead file
112111
Beef cattle ranching and farming
Schedule C (Form 1040) or Schedule C-EZ (Form 1040).
112112
Cattle feedlots
• Income from breeding, raising, or caring for dogs, cats, or
other pet animals. Instead file Schedule C (Form 1040) or
112120
Dairy cattle and milk production
Schedule C-EZ (Form 1040).
112210
Hog and pig farming
• Sales of livestock held for draft, breeding, sport, or dairy
112300
Poultry and egg production
purposes. Instead file Form 4797.
112400
Sheep and goat farming
112510
Aquaculture
These codes for the Principal Agricultural Activity classify
112900
Other animal production
farms by their primary activity to facilitate the administration of
the Internal Revenue Code. These six-digit codes are based on
Forestry and Logging
the North American Industry Classification System (NAICS).
113000
Forestry and logging (including forest nurseries and
Select the code that best identifies your primary farming
timber tracts)
activity and enter the six-digit number on line B.
Crop Production
111100
Oilseed and grain farming
111210
Vegetable and melon farming
Schedule F (Form 1040) 2018

Download IRS Form 1040 2018 Schedule F - Profit or Loss From Farming

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