About SCH F

• Taxpayers use SCH F to report farm income and expenses that are NOT from crop share income.

Adding SCH F

1. Select Add Form.
   
   

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2. Locate and highlight SCH F in the All Forms & Schedules Menu. Double-click to add.
   
   

3. If a joint return, choose New Taxpayer's or New Spouse's Occurrence.
   
   
   

Completing SCH F

1. In A, enter the Principal crop or activity (this is what they farm).
   
   

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2. In B, enter the AG Activity Code (utilize choices for a full list).

3. In C, indicate the taxpayers accounting method by placing an “X” in either 1 for cash method or 2 for accrual. It is very important you select the correct option here and enter income in the corresponding income section.

4. If you choose cash, you will need to enter all income in Part I.

5. If you choose accrual, you will need to enter all income in Part II.
   
   

6. If the taxpayer has an employer id, enter it in D. DO NOT use the employer id of someone they work for on 1099 forms.
   
   

7. Answer questions E-G according to information from the taxpayer.
   
   

   
   
   

8. Complete the QBID indicator. For more information regarding QBID reference What is the Qualified Business Income Deduction (QBID)?
   
   

   
   
   

9. Link any 1099-NEC, 1099-MISC, or 1099-K forms.
   
   

10. Complete Part I Farm Income-Cash Method or Part III Farm Income-Accrual Method. You must use the section you marked in the accounting method earlier, or the SCH F will not calculate properly.
    

11. Complete Part II Farm expenses, as needed.