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You will report your farm on Schedule F.
You will need TurboTax Self-Employed to report a Schedule F.
To report a farm in TurboTax:
Will I need to purchase the self employed turbo tax and the deluxe turbo tax for my other job? I have deductions. I did not make money from the farm. The crops died so I took a loss. I purchased a new tractor that I make payments with interest for the farm.I think I can write off the interest? Thank you for your help.
On the Self-Employed program, you can do both the personal and the Farm.
Business interest, depreciation for your tractor, and the loss of your crops are all included on your Farm return.
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