Farm Income

If you need to change the way you reported your farming activity, you will need to amend the prior year return and re-enter the farm income, expenses, and assets under Schedule F (then delete Schedule C and its forms).

For the current year, set up your farm and make the entries. The asset information will be the same, so you can use the reports from last year to enter the assets and prior depreciation.

Additional Information:

• How do I amend my federal tax return for a prior year?
• What is Schedule F: Profit or Loss from Farming