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 · ‎June 6, 2019

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?

PatriciaV · ‎June 6, 2019

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

PatriciaV · ‎June 6, 2019

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

cranberry · ‎June 20, 2020

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

Critter · ‎June 20, 2020

In the business info section ....

Expert does your taxes

Do it yourself

Resources

Support

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