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My wife and I started a farm business LLC. It says we should file a schedule F. The FEIN paperwork from the IRS says we file a 1065? We're confused what's needed.

OK, got the business version and started answering questions.  It keeps creating a schedule F for me, because it is a farm after all, as well as a 1065??  Is this supposed to happen?
MinhT
Expert Alumni

My wife and I started a farm business LLC. It says we should file a schedule F. The FEIN paperwork from the IRS says we file a 1065? We're confused what's needed.

Yes, Schedule F is also used in form 1065 to report farm activity as it has income and expense headings specific to farm activity.
Please see the heading of Schedule F which says:? Attach to Form 1040, Form 1040NR, Form 1041, or Form 1065
<a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/f1040sf.pdf">https://www.irs.gov/pub/irs-pdf/f1040sf.pdf</a>
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My wife and I started a farm business LLC. It says we should file a schedule F. The FEIN paperwork from the IRS says we file a 1065? We're confused what's needed.

@mark.a.cass In reading your other question and now this one which you referenced,  the  answer by @MinhT  is absolutely correct and your interpretion is not.  @TurboTaxMinh stated, without knowing that you are OK residents, that for the unusual case of residents who live in one of the nine Community Property states, those married couples have the OPTION to file without Form 1065 by splitting the income and expense of the business entity into two separate Schedules C - one for each spouse.  However, it is an option and instead a couple in a Community Property state may ELECT to file a Form 1065.

That said, since you are not residents of one of the 9 states, you MUST FILE Form 1065, and that does allow a Schedule F.  That requires the DESKTOP TurboTax Product "BUSINESS".

To file as if you lived in a Community Property state and to use Two Schedule C's is not compliant with IRS regulations.  Whether or not that is ever picked up - is something for you to consider.

If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67


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