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Business & farm
Responses to your specific questions:
- "other exp amount" - TT is asking if you have expenses, other than those that are specifically detailed on lines 10 through 31. If you do, then TT will take you to a separate screen where you can list those expenses and those will show up on line 32 of Schedule F.
- "at-risk" - TT wants to know if you have any at-risk limitations. This is required in order to determine if you have any loss limitations. Typically for a Schedule F taxpayer the answer will be that you do not have any at-risk limitation. So pay particular attention to how the question is worded.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎February 6, 2022
6:32 AM