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staylor89
New Member

Reporting farm income (only a CRP payment) in personal or business income

All I receive is a CRP payment. I have no other income from the property.
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Reporting farm income (only a CRP payment) in personal or business income

If you received a 1099-G for your CRP payment, enter it in the Farm Income and Expense section of TurboTax under Payments from Government, reported on a 1099-G. Then answer the important questions just below that in the Ag Programs interview, they may apply to you. Be sure to add any expenses such as real estate taxes, insurance, mileage or weed spray and fuel.

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Reporting farm income (only a CRP payment) in personal or business income

If you received a 1099-G for your CRP payment, enter it in the Farm Income and Expense section of TurboTax under Payments from Government, reported on a 1099-G. Then answer the important questions just below that in the Ag Programs interview, they may apply to you. Be sure to add any expenses such as real estate taxes, insurance, mileage or weed spray and fuel.

staylor89
New Member

Reporting farm income (only a CRP payment) in personal or business income

Thanks I did it as you stated.

Reporting farm income (only a CRP payment) in personal or business income

Glad to help~
1040TAX
Returning Member

Reporting farm income (only a CRP payment) in personal or business income

So Do you also enter it in personal income section or just skip this?

Reporting farm income (only a CRP payment) in personal or business income

No, you only enter it that once. Otherwise it will "double up" that amount.

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