The “F” in Schedule F: Filing as a Farmer This Tax Season
By Kelly Nuckolls This is not a substitute for legal or financial advice. See here for the site’s reposting policy. Most farmers and ranchers and their accountants are familiar with “farm” income and expenses and the “Schedule F” tax form for “farmers” only. But what if you are a new or beginning farmer or this is your first time filing taxes with farm-related income? How do you know whether or not you can count your income and expenses as “farm” income? There are some benef