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Business & farm
Schedule F is used for farming income. To enter your farm income and expenses in TurboTax Self-Employed, please follow these steps:
- Click on the Business tab > Continue > I'll choose what to work on
- On the Let's gather your business info screen, scroll down to the Farm Income and Expenses section, click the Start/Update button next to Farm Income and Expenses [not the farm rental].
- If you haven't already started adding business information, continue through the screens to enter the needed information.
- If you have already
started adding information about your farm, you will see the Tell Us
About Your Farm or Farm Rental screen.
- On the Farm Summary screen. Click on the Edit box next to the farm name.
- You will now be on the Your Farming Income and Expenses screen.
- In the Farm Income section, click on the Start/Update box next to the type of income.
- Continue through the screens, entering the requested information.
- Once you're finished inputting your income, you will be brought back to the Your Farming Income and Expenses screen. Continue through the other categories (assets, expenses, vehicles, etc.) if needed.
- Click Continue when
done entering the information on your farm.
- On the next screen, Farm Summary, you can:
- Click on Add Another Farm, if you have another farm to enter;
- Click on Edit to go back and change any information entered on your farm;
- Click on Done if you have no other farms.
10. Click Done with Business to continue to the Personal section of the return.
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‎June 4, 2019
3:38 PM