Schedule F – Entering Farm Income in Program
To add information about your farm, filed on Federal Schedule F, follow these steps.
Online
Dashboard
- 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.
- Expand the Business & Self Employed section.
- Click Add beside Farm Income (Schedule F).
- Complete the rest of the interview process.
Classic
- 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.
- Click the Business Income drop-down, then click Farming income or loss.
- Click Add Schedule F.
- Complete the rest of the interview process.
Desktop
- From within your TaxAct return, click Federal.
- Click the Business Income drop-down, then click Farming income or loss.
- Click Add Schedule F.
- 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. Then, 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.