Schedule F (Form 1 Profit or Loss from Farming

SCHEDULE F
(Form 1040)
Department of the Treasury
Internal Revenue Service (99)

OMB No. 1545-0074

Profit or Loss From Farming
▶

2011

Attach to Form 1040, Form 1040NR, Form 1041, Form 1065, or Form 1065-B.
▶ See Instructions for Schedule F (Form 1040).

Name of proprietor

Attachment
Sequence No.

A Principal crop or activity

B Enter code from Part IV

C Accounting method:

▶

Cash

D Employer ID number (EIN), (see instr)

Accrual

E Did you “materially participate” in the operation of this business during 2011? If “No,” see instructions for limit on passive losses.
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F Did you make any payments in 2011 that would require you to file Form(s) 1099 (see instructions)
G If “Yes,” did you or will you file all required Forms 1099? . . . . . . . . . . . . . . . . . . . . .

Part I

Specified sales of livestock and other resale items (see instructions) . .
Sales of livestock and other resale items not reported on line 1a .

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1b

c
d
e

Total of lines 1a and 1b (see instructions) . . . . . . . .
Cost or other basis of livestock or other items reported on line 1c .
Subtract line 1d from line 1c . . . . . . . . . . . .

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1c
1d
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2a
b
3a

Specified sales of products you raised (see instructions) . . .
Sales of products you raised not reported on line 2a
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Cooperative distributions (Form(s) 1099-PATR) .
3a

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4a
5a
b

Agricultural program payments (see instructions) .
4a
Commodity Credit Corporation (CCC) loans reported under election .
CCC loans forfeited . . . . . . . . .
5b

6

Crop insurance proceeds and federal crop disaster payments (see instructions)
Amount received in 2011
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6a
If election to defer to 2012 is attached, check here ▶
6d

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4b
5a
5c

6b Taxable amount
Amount deferred from 2010

6b
6d

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5c

9

Gross income. Add amounts in the right column (lines 1e, 2a, 2b, 3b, 4b, 5a, 5c, 6b, 6d, 7a, 7b, 8a, and
8b). If you use the accrual method, enter the amount from Part III, line 50 (see instructions) . . . . ▶

Part II

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1e

Taxable amount
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Taxable amount

4b
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2a
2b
3b

3b
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Taxable amount

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Specified custom hire (machine work) income (see instructions)
Custom hire income not reported on line 7a . . . . . .
Specified other income (see instructions) . . . . . . .
Other income not reported on line 8a (see instructions) . . .

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7a
7b
8a
8b
9

Farm Expenses—Cash and Accrual Method. Do not include personal or living expenses (see instructions).

11
12

Car and truck expenses (see
instructions). Also attach Form 4562
Chemicals . . . . . .
Conservation expenses (see instructions)

13

Custom hire (machine work) .

12
13

14

Depreciation and section 179
expense (see instructions) .

14

15
16
17

Employee benefit
other than on line 23
Feed
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Fertilizers and lime

15
16
17

18
19
20

Freight and trucking . . .
Gasoline, fuel, and oil . . .
Insurance (other than health)

21

Interest:
Mortgage (paid to banks, etc.)
Other . . . . . . .

a
b

programs
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10
11

23

Pension and profit-sharing plans

23

24

Rent or lease (see instructions):
Vehicles, machinery, equipment
Other (land, animals, etc.) . .

24a
24b

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b

18
19
20
21a
21b
22

25
26
27

Repairs and maintenance
Seeds and plants . . .
Storage and warehousing

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25
26
27

28
29
30

Supplies
Taxes .
Utilities .

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28
29
30

31
32

Veterinary, breeding, and medicine
Other expenses (specify):

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31

a
b
c

32a
32b
32c

d
e

32d
32e
32f

f

22

Labor hired (less employment credits)

33

Total expenses. Add lines 10 through 32f. If line 32f is negative, see instructions .

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33
Net farm profit or (loss). Subtract line 33 from line 9 . . . . . . . . . . . . . . . .
34
If a profit, stop here and see instructions for where to report. If a loss, complete lines 35 and 36.
Did you receive an applicable subsidy in 2011? (see instructions) . . . . . . . . . . . . . . . .
Check the box that describes your investment in this activity and see instructions for where to report your loss.

34
35
36
a

No
No
No

1a

7a
b
8a
b

10

Yes
Yes
Yes

Farm Income—Cash Method. Complete Parts I and II (Accrual method. Complete Parts II and III, and Part I, line 9.)

1a
b

a
c

14

Social security number (SSN)

All investment is at risk.

b

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Yes

No

Some investment is not at risk.

For Paperwork Reduction Act Notice, see your tax return instructions.

Cat. No. 11346H

Schedule F (Form 1040) 2011

Page 2

Schedule F (Form 1040) 2011

Part III

Farm Income—Accrual Method (see instructions).

37a
b

Specified sales of livestock, produce, grains, and other products (see instructions) .
Sales of livestock, produce, grains, and other products not reported on line 37a

38a

Cooperative distributions (Form(s) 1099-PATR)

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39a

Agricultural program payments .

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40
a

Commodity Credit Corporation (CCC) loans:
CCC loans reported under election . . . .

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b

CCC loans forfeited

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37a
37b

38a

38bTaxable amount

38b

39a

39bTaxable amount

39b

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40a

40c Taxable amount

40c

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40b

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41

Crop insurance proceeds

42a
b

Specified custom hire (machine work) income from merchant card or third party payments (see instructions)
Other custom hire income not reported on line 42a . . . . . . . . . . . . . . . . .

42a
42b

43a
b

Specified other income (see instructions) .
Other income not reported on line 43a . .

43a
43b

44

Add amounts in the right column for lines 37a through 43b (lines 37a, 37b, 38b, 39b, 40a, 40c, 41, 42a, 42b,
43a, and 43b) . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

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47

48

Inventory of livestock, produce, grains, and other products at end of year

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48

49

Cost of livestock, produce, grains, and other products sold. Subtract line 48 from line 47*

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41

44

49

50
50
Gross income. Subtract line 49 from line 44. Enter the result here and on Part I, line 9 . . . . . ▶
*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

Do not file Schedule F (Form 1040) to report the
following.
• Income from providing agricultural services such as
CAUTION
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
111400
111900

Fruit and tree nut farming
Greenhouse, nursery, and floriculture production
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) 2011