Investors & landlords

If you received a 1099 from the Conservation Reserve Program, you will need to report that unless some of the income exclusions apply to you.

The CRP payments are entered on Schedule F, Part I. This can be found in the income section of TurboTax. The exclusions to reporting the income are listed on page 12 of Pub 225 in the middle and right column. You might want to see if the exclusions would apply to your situation.  Pub 225

At this point, you cannot make any changes to your tax return until the IRS receives it or rejects the return. If it is rejected, then you can go in and make the addition of this income from the 2020 CRP. If the return is accepted, you will need to amend it. Here is a link How to amend 

First, make sure you really need to amend and that your 2020 return was accepted in TurboTax Online or paper-filed through the mail. You can't amend a return that hasn't been filed yet.

1. Sign in to TurboTax.
2. Scroll down to Your tax return & documents (you may need to select Show), select 2020 and then Amend (change) return.
   • If you only see the option to amend 2019 or earlier, it's because you can't amend an unfiled 2020 return. Instead, just select Pick up where you left off, make your changes, and disregard the rest of these instructions.
3. Select Amend using TurboTax Online.
4. Carefully follow the instructions. Don't worry if your refund changes to $0. This is normal on amended returns.
5. You can e-file your 2020 amended federal tax return, but most states require amendments to be printed and filed by mail.
6. If e-filing, you’ll review, sign and transmit your federal return. If not, we'll give you instructions to print and mail your amended return.

Three weeks after mailing your amended return, you can start tracking it at the IRS Where's My Amended Return? tracking tool.  Please allow at least 16 weeks for the IRS to process your amended return.

Processing times for amended state returns vary from state to state. If it's been more than 12 weeks since you mailed your amended state return, and you haven't heard anything, we suggest you contact your state tax agency.