Vonnitar
Returning Member

Self-employment income or Farm income

We have a small ranch with 5-6 cows that we lease a bull to breed and raise the calves for beef.  We started this project in Dec. 2020 and won't have beef to market until 2025.  Do we need to list this as a self-employed business or can we just keep it as Farm Income and Farm Rental?  Also, if we have to list this as self-employed, do we need to get an EIN?