In 2016, I started a horse breeding business, purchasing 2 broodmares and 1 stud. I lease stalls at ranch. Do I file Schedule C or F?

[ljnagel]

I am a single-member LLC. My LLC has an EIN.

My Questions:  (1) Since I don’t own a farm, do I file Schedule C or F to report income/loss? (2) Do I use my home address or the leased farm address as my business location?

[Cattlerancher · Accepted solution]

If you are raising horses you would file a schedule F.

I just reviewed the farm information section because I don't ever remember TurboTax asking about a separate farm address, still don't see one. Use your home address in the personal information section. Where you receive mail.