Bilingual Schedule F

This course contains both English and Spanish content.

Income received from the operation of a farm or from rental income from a farm is taxable. Farmers determine their taxable income from farming and related activities by using Schedule F. Profit or loss from farm income is first reported on Schedule F and then “flows” to Form 1040, Schedule 1, line 6. This course covers basic farm income and expenses.

$26.40

Description

At the end of this lesson, the student will:

  • Understand basic farm income.
  • Know when a taxpayer should file Schedule F.
  • Realize that breeding and selling livestock could include domestic animals.
Scroll to Top