Business

Schedule F: Profit or Loss From Farming

Reports income and expenses from farming operations, including crop and livestock sales, farm-related wages, and agricultural program payments.

Download Schedule F PDFAbout on IRS.govInstructions PDF

Who Files This Form?

Farmers and ranchers who cultivate, operate, or manage a farm for profit.

Key Fields

  • Farm income
  • Cost of livestock/produce purchased
  • Farm expenses
  • Net farm profit/loss
  • Crop insurance proceeds

Filing Deadlines

Due Date

April 15

With Extension

October 15

Late Filing Penalty

Filed with Form 1040; subject to the same failure-to-file and failure-to-pay penalties.

Related Forms

Form 1040

U.S. Individual Income Tax Return

Schedule J

Income Averaging for Farmers and Fishermen

Form 4835

Farm Rental Income and Expenses

Schedule SE

Self-Employment Tax

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