Profit or Loss From Farming


Use Schedule F (Form 1040) to report farm income and expenses. File it with Form 1040, 1040NR, 1041, 1065, or 1065-B.

Your farming activity may subject you to state and local taxes and other requirements such as business licenses and fees. Check with your state and local governments for more information.

Additional information.    Pub. 225 has more information and examples to help you complete your farm tax return. It also lists important dates that apply to farmers.

Future Developments

For the latest information about developments related to Schedule F (Form 1040) and its instructions, such as legislation enacted after they were published, go to

What's New

Standard mileage rate.   The standard mileage rate for business use of your vehicle for 2013 is 56.5 cents per mile.

Simplified method for business use of home deduction.    If you use your home in your farming business, you may be able to figure the deduction for the business use of your home using a simplified method. See Pub. 587 for more information.

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