2017 Schedule F (Form 1040) F1040sf

User Manual: F

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SCHEDULE F
(Form 1040)
Department of the Treasury
Internal Revenue Service (99)
Profit or Loss From Farming
▶ Attach to Form 1040, Form 1040NR, Form 1041, Form 1065, or Form 1065-B.
▶ Go to www.irs.gov/ScheduleF for instructions and the latest information.
OMB No. 1545-0074
2017
Attachment
Sequence No. 14
Name of proprietor Social security number (SSN)
A Principal crop or activity B Enter code from Part IV
▶
C Accounting method:
Cash Accrual
D
Employer ID number (EIN), (see instr)
E Did you “materially participate” in the operation of this business during 2017? If “No,” see instructions for limit on passive losses Yes No
F Did you make any payments in 2017 that would require you to file Form(s) 1099 (see instructions)? . . . . . . . . . Yes No
G If “Yes,” did you or will you file required Forms 1099? . . . . . . . . . . . . . . . . . . . . . . Yes No
Part I Farm Income—Cash Method. Complete Parts I and II (Accrual method. Complete Parts II and III, and Part I, line 9.)
1a Sales of livestock and other resale items (see instructions) . . . . . 1a
bCost or other basis of livestock or other items reported on line 1a . . . 1b
cSubtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . . . 1c
2Sales of livestock, produce, grains, and other products you raised . . . . . . . . . . . . 2
3a Cooperative distributions (Form(s) 1099-PATR) . 3a 3b Taxable amount 3b
4a Agricultural program payments (see instructions) . 4a 4b Taxable amount 4b
5a Commodity Credit Corporation (CCC) loans reported under election . . . . . . . . . . . . 5a
bCCC loans forfeited . . . . . . . . . 5b 5c Taxable amount 5c
6Crop insurance proceeds and federal crop disaster payments (see instructions)
aAmount received in 2017 . . . . . . . 6a 6b Taxable amount 6b
cIf election to defer to 2018 is attached, check here ▶6d Amount deferred from 2016 6d
7Custom hire (machine work) income . . . . . . . . . . . . . . . . . . . . . 7
8Other income, including federal and state gasoline or fuel tax credit or refund
(see instructions) . . . . 8
9
Gross income. Add amounts in the right column (lines 1c, 2, 3b, 4b, 5a, 5c, 6b, 6d, 7, and 8). If you use the
accrual method, enter the amount from Part III, line 50. See instructions . . . . . . . . . . ▶9
Part II Farm Expenses—Cash and Accrual Method. Do not include personal or living expenses. See instructions.
10
Car and truck expenses (see
instructions). Also attach Form 4562
10
11 Chemicals . . . . . . 11
12
Conservation expenses (see instructions)
12
13 Custom hire (machine work) . 13
14
Depreciation and section 179
expense (see instructions) . 14
15
Employee benefit programs
other than on line 23 . . . 15
16 Feed . . . . . . . 16
17 Fertilizers and lime . . . 17
18 Freight and trucking . . . 18
19 Gasoline, fuel, and oil . . . 19
20 Insurance (other than health) 20
21 Interest:
aMortgage (paid to banks, etc.) 21a
bOther . . . . . . . 21b
22
Labor hired (less employment credits)
22
23 Pension and profit-sharing plans 23
24 Rent or lease (see instructions):
aVehicles, machinery, equipment 24a
bOther (land, animals, etc.) . . 24b
25 Repairs and maintenance . . 25
26 Seeds and plants . . . . . 26
27 Storage and warehousing . . 27
28 Supplies . . . . . . . 28
29 Taxes . . . . . . . . 29
30 Utilities . . . . . . . . 30
31
Veterinary, breeding, and medicine
31
32 Other expenses (specify):
a 32a
b 32b
c 32c
d 32d
e 32e
f 32f
33 Total expenses. Add lines 10 through 32f. If line 32f is negative, see instructions . . . . . . . ▶33
34 Net farm profit or (loss). Subtract line 33 from line 9 . . . . . . . . . . . . . . . .
If a profit, stop here and see instructions for where to report. If a loss, complete lines 35 and 36.
34
35 Did you receive an applicable subsidy in 2017? See instructions . . . . . . . . . . . . . . . . . Yes No
36 Check the box that describes your investment in this activity and see instructions for where to report your loss.
aAll investment is at risk. bSome investment is not at risk.
For Paperwork Reduction Act Notice, see the separate instructions. Cat. No. 11346H Schedule F (Form 1040) 2017
Schedule F (Form 1040) 2017 Page 2
Part III Farm Income—Accrual Method (see instructions).
37 Sales of livestock, produce, grains, and other products (see instructions) . . . . . . . . . . 37
38a Cooperative distributions (Form(s) 1099-PATR) . 38a 38b Taxable amount 38b
39a Agricultural program payments . . . . . . 39a 39b Taxable amount 39b
40 Commodity Credit Corporation (CCC) loans:
aCCC loans reported under election . . . . . . . . . . . . . . . . . . . . . . 40a
bCCC loans forfeited . . . . . . . . . 40b 40c Taxable amount 40c
41 Crop insurance proceeds . . . . . . . . . . . . . . . . . . . . . . . . 41
42 Custom hire (machine work) income . . . . . . . . . . . . . . . . . . . . . 42
43 Other income (see instructions) . . . . . . . . . . . . . . . . . . . . . . . 43
44 Add amounts in the right column for lines 37 through 43 (lines 37, 38b, 39b, 40a, 40c, 41, 42, and 43) . . 44
45
Inventory of livestock, produce, grains, and other products at beginning of
the year. Do not include sales reported on Form 4797 . . . . . . . 45
46
Cost of livestock, produce, grains, and other products purchased during the
year ...................... 46
47 Add lines 45 and 46 . . . . . . . . . . . . . . . . . 47
48 Inventory of livestock, produce, grains, and other products at end of year . 48
49 Cost of livestock, produce, grains, and other products sold. Subtract line 48 from line 47* . . . . . 49
50 Gross income. Subtract line 49 from line 44. Enter the result here and on Part I, line 9 . . . . . ▶50
*If you use the unit-livestock-price method or the farm-price method of valuing inventory and the amount on line 48 is larger than the amount on line
47, subtract line 47 from line 48. Enter the result on line 49. Add lines 44 and 49. Enter the total on line 50 and on Part I, line 9.
Part IV Principal Agricultural Activity Codes
▲
!
CAUTION
Do not file Schedule F (Form 1040) to report the
following.
• Income from providing agricultural services such as
soil preparation, veterinary, farm labor, horticultural, or
management for a fee or on a contract basis. Instead file
Schedule C (Form 1040) or Schedule C-EZ (Form 1040).
• Income from breeding, raising, or caring for dogs, cats, or
other pet animals. Instead file Schedule C (Form 1040) or
Schedule C-EZ (Form 1040).
• Sales of livestock held for draft, breeding, sport, or dairy
purposes. Instead file Form 4797.
These codes for the Principal Agricultural Activity classify
farms by their primary activity to facilitate the administration of
the Internal Revenue Code. These six-digit codes are based on
the North American Industry Classification System (NAICS).
Select the code that best identifies your primary farming
activity and enter the six-digit number on line B.
Crop Production
111100 Oilseed and grain farming
111210 Vegetable and melon farming
111300 Fruit and tree nut farming
111400 Greenhouse, nursery, and floriculture production
111900 Other crop farming
Animal Production
112111 Beef cattle ranching and farming
112112 Cattle feedlots
112120 Dairy cattle and milk production
112210 Hog and pig farming
112300 Poultry and egg production
112400 Sheep and goat farming
112510 Aquaculture
112900 Other animal production
Forestry and Logging
113000 Forestry and logging (including forest nurseries and
timber tracts)
Schedule F (Form 1040) 2017

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