IRS Form 1040 Schedule F Profit or Loss From Farming

Notification Icon This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 1040 Schedule F for the current year.

IRS Form 1040 Schedule F Profit or Loss From Farming

What Is IRS Form 1040 Schedule F?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. The document is a supplement to IRS Form 1040, U.S. Individual Income Tax Return. Check the official IRS-issued instructions before completing and submitting the form.

FAQ

Q: What is IRS Form 1040 Schedule F?
A: IRS Form 1040 Schedule F is a tax form used to report profit or loss from farming activities.

Q: Who should use IRS Form 1040 Schedule F?
A: Farmers and ranchers who have income and expenses from their farming operations should use IRS Form 1040 Schedule F.

Q: What income should be reported on IRS Form 1040 Schedule F?
A: Income such as sales of livestock, produce, and grains, as well as government payments and rental income from farmland, should be reported on IRS Form 1040 Schedule F.

Q: What expenses can be deducted on IRS Form 1040 Schedule F?
A: Expenses such as feed, seed, fuel, repairs and maintenance, rent, and wages can be deducted on IRS Form 1040 Schedule F.

Q: When is the deadline for filing IRS Form 1040 Schedule F?
A: The deadline for filing IRS Form 1040 Schedule F is the same as the deadline for filing your individual income tax return, which is usually April 15.

ADVERTISEMENT

Form Details:

  • A 2-page form available for download in PDF;
  • This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
  • Editable, printable, and free;

Download a fillable version of IRS Form 1040 Schedule F through the link below or browse more documents in our library of IRS Forms.

Download IRS Form 1040 Schedule F Profit or Loss From Farming

4.8 of 5 (79 votes)
  • IRS Form 1040 Schedule F Profit or Loss From Farming

    1

  • IRS Form 1040 Schedule F Profit or Loss From Farming, Page 2

    2

  • IRS Form 1040 Schedule F Profit or Loss From Farming, Page 1
  • IRS Form 1040 Schedule F Profit or Loss From Farming, Page 2
Prev 1 2 Next
ADVERTISEMENT