JamesG1
Expert Alumni

Business & farm

Are you reporting a loss on Schedule F Profit or Loss from Farming?  How did you answer the question Did you actively participate?

 

Please clarify.

 

In TurboTax Online Self-employed, report the income by following these steps:

 

  • Down the left side of the screen, click on Federal.
  • Down the left side of the screen, click on Income and expenses.
  • Scroll down to Rentals, royalties and Farm.  Click on Show more to the right.
  • Click on Edit/Add to the right of Farm income and farm rental.
  • At the screen Did you have any farm or farm rental income?, click Yes.
  • At the screen Tell us about your farm or farm rental income, click on I received agricultural payments.

@goingcrazy63 

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