turbotax icon
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

New Member

Where do I put my information about owning live stock

This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Our digital assistant can help you.
2 Replies
Expert Alumni

Where do I put my information about owning live stock

Owning livestock is not a taxable event. Selling it is. If you are in business, you would enter income and expenses on Schedule F, for farms.


TurboTax will produce a Schedule F to include in your return when you fill out the farm income section of TurboTax Self Employed.  You can use the search to get there -

  • Log into your account and click Take Me to My Return (you must click this before searching or you won't get the jump to link below)
  • Click the search icon in the top right corner (looks like a magnifying glass)
  • Search for “farm income” in the search box
  • Click the “jump to farm income” link.
  • This will bring you to the appropriate place to add a farm and Schedule F


Level 15

Where do I put my information about owning live stock

If you use or intend to use your livestock in any way, shape, form or fashion to produce income, then that income will be "a form of" farming income. It all gets reported on SCH F as a part of your personal 1040 tax return. Doesn't matter if that personal return is a joint return with your spouse either.


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies