turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Skatmh
New Member

Use farm expenses or business expenses

We are a new LLC and filing form1065 for the first time.  We raise puppies, which is classified as a farming operation on Schedule F.   I am wondering where to put certain expenses.  For instance, in Turbotax Business Insurance appears both in the questions under Farming Expenses and Business Expenses.  So do Supplies.  How do we distinguish between farming expenses and business expenses? 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Use farm expenses or business expenses

Enter your income and expenses from your farming operations under the Farming tab. 

View solution in original post

5 Replies

Use farm expenses or business expenses

Enter your income and expenses from your farming operations under the Farming tab. 

Skatmh
New Member

Use farm expenses or business expenses

So our business is a farming business (Code 112900: Other Animal Production).  So I should put all our expenses, even advertising, insurance, computer supplies, and so on on Schedule F?

Use farm expenses or business expenses

Yes, that is where all of your income and expenses should be reported for farming operations.

 

See https://www.irs.gov/instructions/i1040sf

22tennis
Returning Member

Use farm expenses or business expenses

I can get into Schedule F and input my income but the screen (on a MacBook Air) but can't continue further down to see expenses on the screen to enter them.

Help

 

22tennis
Returning Member

Use farm expenses or business expenses

is someone at the help center there?

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies