topic We have filed as a farm for years, because we raised and sold poultry. We didn't this year. Do we still file as a farm in Deductions & credits

We have filed as a farm for years, because we raised and sold poultry. We didn't this year. Do we still file as a farm

haleygore86 — Thu, 06 Jun 2019 16:06:45 GMT

Our flock is down to just a few yard birds. we didn't buy or sell any this past year Do I still file as a farm?

It depends. If you don't intend to continue farming as a...

PatriciaV — Thu, 06 Jun 2019 16:06:47 GMT

It depends. If you don't intend to continue farming as a business, then you should report that you stopped farming. This will allow TurboTax to file a final Schedule F to let the IRS know the business has been closed.

However, if you simply took a year off and intend to farm for a profit in the future, you can report little or no income and/or expenses this year. When you have an active farm business in the future, your farm history will still be in TurboTax.

Re: It depends. If you don't intend to continue farming as a...

cranberry — Sat, 20 Jun 2020 22:01:17 GMT

How do you say you quit farming so a final sch f is produced?

Re: It depends. If you don't intend to continue farming as a...

Critter — Sat, 20 Jun 2020 22:33:51 GMT

In the business info section ....