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To add farm income information, filed on Federal Schedule F, in the TaxAct Professional Editions program, follow the steps below:

1. From within the TaxAct return, click Federal.
2. Click Income, and then click review Farm income or losses from the list of summary topics.
3. Click Add New Copy of Federal Schedule F.
4. Complete the rest of the interview process. 

TaxAct Online

To add individual farm income information in the TaxAct Online program, follow the steps below:

Dashboard

1. From within your TaxAct return, click Income.
   • On smaller devices, click the menu at the top left corner of your screen, then make your selection. 
2. Expand the Business & Self Employed section. 
3. Click Add beside Farm Income (Schedule F). 
4. Complete the rest of the interview process. 

Classic

1. From within your TaxAct return, click Federal.
   • On smaller devices, click the menu at the top left corner of your screen, then make your selection. 
2. Click the Business Income drop-down, then click Farming income or loss.
3. Click Add Schedule F.
4. Complete the rest of the interview process. 

Form 1099-K

If you received Form 1099-K related to your farming income, enter or edit your farm details as listed above. On the Farm Income – Form 1099-K screen, click Yes. Enter the details from Form 1099-K and complete the rest of the interview process. Go to the the FAQ Form 1099-K – Entering in Program for more information about Form 1099-K.

Depreciation (Form 4562)

To enter depreciation details for your farming activity, enter or edit your farm details as listed above. Then, on the screen titled Farm Income – Depreciation, click Yes and continue with the interview process to enter your information.

Related Links

• Individuals – Schedule F – Entering Farm Income in Program