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Level 2
posted Feb 26, 2021 9:25:07 AM

Where do I enter the Corn Check-off fees paid at sale of grain? They are deducted from check I recieve.

Where do I enter the Corn Check-off fees paid at sale of grain? This fee is deducted the from check I receive. I thought it was on Sch F somewhere?

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1 Replies
Expert Alumni
Feb 26, 2021 10:26:31 AM

You can deduct any cost you incur that's an ordinary and necessary expense of farming on Schedule F to reduce the profit—or increase the loss—on which you'll owe taxes. 

 

Although I don't see a specific expense line for 'corn check off fees' on Schedule F, you can include it as a Miscellaneous Expense at the end of the expense section in TurboTax. 

 

Click this link for detailed instructions from the IRS on Schedule F

 

This article on Schedule F may also be helpful.