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Get your taxes done using TurboTax
Be sure you are filing your farm business under the correct business structure. If the only items under Business Info are About Your Business and Shareholder Info, you are using TurboTax Business to file a Form 1120S U.S Income Tax Return for an S-Corporation. An S-Corp does not use Schedule F to report farm income, it merely treats the income as income and expenses of the business.
If you have not formed your farm as an S-Corp or have elected to have your LLC treated as an S-Corp for tax purposes, you are filing the wrong form.
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March 8, 2023
10:19 AM