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LondonD
New Member

Farm Income

In 2022, I scheduled my farm income as a schedule C instead of a schedule F. While using turbo tax, how can I correct this for 2023? I would like to file my farm income as a Schedule F. 

 

P.S. I also placed my farm equipment under assets on the Schedule C. 

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1 Reply
PatriciaV
Expert Alumni

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.

 

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