Do i need a business license to file schedule f form for a small farm in virginia? have not had profit yet but have start up costs with equipment and livestock purchases.

[ToddL · Accepted solution]

No, you do not have to have a business license to file a Schedule F on your Form 1040 or to report any Schedule F income/loss on your VA return.

"Business licenses" are local fees/taxes. You would need to contact your local tax authority (city/town/township/county?) to see if you require a business license for your farm, but don't need one for federal or state tax reporting.