Form 1040 – Schedule F

Taxpayers should use Form 1040, Schedule F to report income and expenses from a farming activity as a self-employed farmer.  Net profits are subject to SE tax (Schedule SE).

 

For tax purposes, a farmer is defined as any individual who cultivates (plants, waters, gathers crop), operates, or manages a farm for profit.  They can either own the farm land, or lease it as a tenant.  The term ‘farm’ can include livestock, dairy, poultry, fish, fruit, plantations, ranches, ranges, and orchards.  For a complete definition see Publication 225.
Updated on July 9, 2018

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