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tbonzani51
New Member

What is the Dpr Basis & Method Convention on Farm Building being added to the Sch. F.?

I need to know where to find the info to complete the fields on Sch. F for adding a building to the assets.
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Cattlerancher
New Member

What is the Dpr Basis & Method Convention on Farm Building being added to the Sch. F.?

Multiple use farm buildings use a 20 year useful life, 150% DB, section 179 does not apply.

Single use farm buildings (greenhouse, hay shed) use 10 year useful life, 150% DB, section 179 does apply.

TurboTax will select the right MACRS convention for you.

They are entered in the Farm Asset entry section under Farm Equipment, Animals, Agriculture.

Please see the attached page snips below;

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Cattlerancher
New Member

What is the Dpr Basis & Method Convention on Farm Building being added to the Sch. F.?

Multiple use farm buildings use a 20 year useful life, 150% DB, section 179 does not apply.

Single use farm buildings (greenhouse, hay shed) use 10 year useful life, 150% DB, section 179 does apply.

TurboTax will select the right MACRS convention for you.

They are entered in the Farm Asset entry section under Farm Equipment, Animals, Agriculture.

Please see the attached page snips below;

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