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Did you make a profit on the sale of the calf, i.e. did you spend more that $397 to raise the calf (feed, vet costs, boarding, etc.)? If you didn't make a profit, you don't need to report the sale.

If you did not incur any costs to raise the calf, you can report the sale as "Other reportable income".

• Type "other reportable income" in the search window (or in the Search Topic window for desktop versions) 
• Click on "jump to other reportable income  (or "other reportable income" in the Search Topic results) 
• Answer "No" to "Did you receive any other wages?" 
• Select "Other reportable income" from the Miscellaneous income list 
• Select Add another Income item  on the Other Miscellaneous Income Summary screen 
• Enter a Description and amount,  then click on Continue 

A corresponding amount will be entered on line 8 of Schedule 1 and Form 1004.

If you did incur costs to raise the calf, you can report the sale in the Stocks, Mutual Funds, Bonds and Other interview of Investment Income. "Calf" would be an "Other" type of investment.

Here is what the opening interview screen would look like for this type of sale (not a 1099-B):