Solved: Reporting farm income (only a CRP payment) in personal or business income
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
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.
1 Best answer

Accepted Solutions
Highlighted
New Member

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.

View solution in original post

3 Replies
Highlighted
New Member

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.

View solution in original post

Highlighted
New Member

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

Thanks I did it as you stated.
Highlighted
New Member

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

Glad to help~
Privacy Settings