This Interactive resource explains and provides examples for each line of the farmer's primary tax form, IRS Schedule F, Profit or Loss from Farming. This resource is provided for educational purposes. Farmers are encouraged to consult with their individual tax professionals about specific questions relating to their operations. Other helpful resources include IRS Publication 225.
Schedule F Overview and Information Block
Schedule F - Part I, Farm Income - Cash Method
Schedule F - Part II, Farm Expenses - Cash and Accrual Method
The Center for Agricultural Law and Taxation is a partner of the National Agricultural Law Center (NALC) at the University of Arkansas System Division of Agriculture, which serves as the nation’s leading source of agricultural and food law research and information. This material is provided as part of that partnership and is based upon work supported by the National Agricultural Library, Agricultural Research Service, U.S. Department of Agriculture.