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how do I file a final schedule F?

I have stopped farming. how do I file a final schedule F?
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DianeW777
Employee Tax Expert

how do I file a final schedule F?

File the final Schedule F in 2025 and next year you will simply delete it from your return. 

 

Note: Keep all asset records with every current tax file. Any asset used in your farming activity that remains in your possession has tax ramifications if and when you dispose of it through a sale. It continues to be a tax asset until you no longer have it. 

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