Schedule F PDF form

Understand your document

What is Schedule F?

Schedule F reports farming income and expenses. The cash and accrual methods use different sections and records. Livestock, agricultural program payments, crop proceeds and production expenses need the correct category rather than a single undifferentiated farm total.

Records to gather

• Proprietor identity, principal crop/activity and accounting method
• Sales of purchased and raised livestock or products
• Cooperative, agricultural-program, insurance and other farm-income records
• Farm expenses, inventory and depreciation records as applicable

Fields you will work through

The guided editor groups the supported fields into practical steps. The available fields follow the chosen revision.

Proprietor and farming activity

Name of proprietor · Return this schedule will accompany · Social security number (SSN)

Cash method income

Line 1a - Sales of purchased livestock and other resale items · Cost or other basis of purchased livestock or other items reported on line 1a · Subtract line 1b from line 1a

Farm expenses and profit or loss

Car and truck expenses. Also attach Form 4562 · Chemicals · Conservation expenses

Accrual method income

Sales of livestock, produce, grains, and other products · Cooperative distributions (Form(s) 1099-PATR) · Taxable amount

Check before using your PDF

• Distinguish purchased resale items from products you raised and support their cost basis.
• Use the section for the actual accounting method and confirm treatment of program payments and crop-insurance proceeds.

After you prepare the document

Review associated return, self-employment-tax and depreciation requirements. Farm-rental arrangements may require a different form.