turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

wsw317
New Member

Used tax point farm account last year. they are not doing taxes this year. how do I set up small farm/ranch account in turbo?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Used tax point farm account last year. they are not doing taxes this year. how do I set up small farm/ranch account in turbo?

I always recommend starting out to use the desktop CD /down load version of TurboTax, Home & Business. Start the farm in the Farm Income and expense section. The interview will help set up a farm in TurboTax. It's very simple. Then if you have depreciating assets, you will need your Depreciation Report from last year. Enter each one individually in the Farm Asset entry section. If you have questions, we'll be glad you help you along the way.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies