U.S. Individual Income Tax Return Forms

Department of the Treasury
Internal Revenue Service

2020 Instructions for Schedule F
Profit or Loss
From Farming

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

Section references are to the Internal Revenue Code unless
otherwise noted.

on your type of trade or business, your taxable income, the
amount of W-2 wages paid with respect to the trade or business, and the unadjusted basis immediately after acquisition of
qualified property held by the trade or business. You will claim
this deduction on Form 1040 or 1040-SR. This deduction can
be taken in addition to the standard or itemized deductions. For
more information, see the Instructions for Form 1040 and
1040-SR and Pub. 535, Business Expenses.
Net operating loss (NOL). An NOL can no longer be carried
back to any tax year, unless the NOL is a farming loss. To the
extent the NOL is a farming loss, you can carry back the NOL
to each of the 2 tax years preceding the tax year of the loss. For
additional information on NOLs for individuals, estates and
trusts, and corporations, see Pubs. 225 and 536.
Small business taxpayers. For tax years beginning after
2017, more small business taxpayers may be eligible to use the
cash method.

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 IRS.gov/ScheduleF.
For coronavirus-related updates, see IRS.gov/coronavirus.

What's New
COVID-19 related tax credits for paid sick and paid family
leave. The Families First Coronavirus Response Act (FFCRA)
provides businesses with tax credits to cover certain costs of
providing employees with required paid sick leave and expanded family and medical leave for reasons related to COVID-19,
from April 1, 2020, through December 31, 2020. Under the
FFCRA, the amount of these credits shall be included in the recipient employers’ gross income. For more information about
these credits, see IRS.gov/newsroom/covid-19-related-taxcredits-for-paid-sick-and-paid-family-leave-overview.
Excess business loss limitation rules. The excess business
loss limitation rules were repealed for the 2020 tax year by the
Coronavirus Aid, Relief, and Economic Security Act (CARES
Act), which also retroactively repealed the rules for the 2018
and 2019 tax years. For coronavirus related updates, see
IRS.gov/coronavirus/coronavirus-and-economic-impactpayments-resources-and-guidance.
Standard mileage rate. The standard mileage rate for business use of your vehicle for 2020 is 57.5 cents per mile.

General Instructions
Other Schedules and Forms You May Have
To File

• Schedule E (Form 1040), Part I, to report rental income
from pastureland based on a flat charge. However, report on
Schedule F (Form 1040), line 8, pasture income received from
taking care of someone else's livestock. Also, use Schedule E
(Form 1040), Part I, to report farm rental income and expenses
of a trust or estate based on crops or livestock produced by a
tenant.
• Schedule J (Form 1040) to figure your tax by averaging
your farm income over the previous 3 years. Doing so may
reduce your tax.
• Schedule SE (Form 1040) to pay self-employment tax on
income from your farming business.
• Form 3800 to claim any general business credits.
• Form 4562 to claim depreciation (including the special
allowance) on assets placed in service in 2020, to claim
amortization that began in 2020, to make an election under
section 179 to expense certain property, or to report
information on vehicles and other listed property.
• Form 4684 to report a casualty or theft gain or loss
involving farm business property, including purchased
livestock held for draft, breeding, sport, or dairy purposes. See

Reminders
Business interest expense limitation. For tax years beginning
after 2017, your business income interest expense deduction
may be limited. See Form 8990 and its instructions for details.
Deduction for qualified business income. For tax years beginning after 2017, you may be entitled to a deduction of up to
20 percent of your qualified business income from your qualified trade or business, plus 20 percent of the aggregate amount
of qualified real estate investment trust (REIT) dividends and
qualified publicly traded partnership (PTP) income. The deduction is subject to various limitations, such as limitations based
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Jan 07, 2021

Cat. No. 17152R

Farm Owned and Operated By Spouses

Pub. 225 for more information on how to report various farm
losses, such as losses due to death of livestock or damage to
crops or other farm property.
• Form 4797 to report sales, exchanges, or involuntary
conversions (other than from a casualty or theft) of certain farm
property. Also, use this form to report sales of livestock held
for draft, breeding, sport, or dairy purposes.
• Form 4835 to report rental income based on crop or
livestock shares produced by a tenant if you didn't materially
participate in the management or operation of a farm. This
income isn't subject to self-employment tax. See Pub. 225.
• Form 6198 to figure your allowable loss if you have a
business loss and you have amounts invested in the business
for which you aren't at risk.
• Form 8582 to figure your allowable loss from passive
activities.
• Form 8824 to report like-kind exchanges.
• Form 8990 to figure any interest expense limitation and
carryover amount. However, a small business taxpayer is not
subject to the business interest expense limitation and is not
required to file Form 8990. Also, certain farming businesses
and specified agricultural or horticultural cooperatives can
make an election not to have the limitation apply.
• Form 1045 to compute any carryback loss.
• Form 7202 to figure a refundable credit for certain
self-employed persons impacted by the coronavirus.
Single-member limited liability company (LLC). Generally,
a single-member domestic LLC isn't treated as a separate entity
for federal income tax purposes. If you are the sole member of
a domestic LLC engaged in the business of farming, file
Schedule F (Form 1040). However, you can elect to treat a domestic LLC as a corporation. See Form 8832 for details on the
election.
Heavy highway vehicle use tax. If you use certain highway
trucks, truck-trailers, tractor trailers, or buses in your farming
business, you may have to pay a federal highway motor vehicle
use tax. See the Instructions for Form 2290 to find out if you
owe this tax and go to IRS.gov/Trucker for the latest developments.
Information returns. You may have to file information returns for wages paid to employees, certain payments of fees
and other nonemployee compensation, interest, rents, royalties,
real estate transactions, annuities, and pensions. For details, see
Line F later, and the 2020 General Instructions for Certain Information Returns.
If you received cash of more than $10,000 in one or more
related transactions in your farming business, you may have to
file Form 8300. For details, see Pub. 1544.

If you and your spouse jointly own and operate a farm as an
unincorporated business and share in the profits and losses, you
can be taxed as a partnership and file Form 1065, or you each
can file Schedule F (Form 1040) as a qualified joint venture.
Qualified Joint Venture
If you and your spouse each materially participate as the only
members of a jointly owned and operated farm, and you file a
joint return for the tax year, you can elect to be treated as a
qualified joint venture instead of a partnership. This election in
most cases won't increase the total tax owed on the joint return,
but it does give each of you credit for social security earnings
on which retirement benefits are based and for Medicare coverage without filing a partnership return. For an explanation of
“material participation,” see the Instructions for Schedule C
(Form 1040), line G, and Line E, later, in these instructions.
Making the election. To make this election, you must divide
all items of income, gain, loss, deduction, and credit attributable to the farming business between you and your spouse in accordance with your respective interests in the venture. Each of
you must file a separate Schedule F (Form 1040). On each line
of your separate Schedule F (Form 1040), you must enter your
share of the applicable income, deduction, or loss. Each of you
must also file a separate Schedule SE (Form 1040) to pay
self-employment tax, as applicable.
As long as you remain qualified, your election can't be revoked without IRS consent.
For more information on qualified joint ventures, go to
IRS.gov and enter “qualified joint venture” in the search box.
Exception—Community Income
If you and your spouse wholly own an unincorporated farming
business as community property under the community property
laws of a state, foreign country, or U.S. possession, you can
treat your wholly owned, unincorporated business as a sole
proprietorship, instead of a partnership. Any change in your reporting position will be treated as a conversion of the entity.
Report your income and deductions as follows.
• If only one spouse participates in the business, all of the
income from that business is the self-employment earnings of
the spouse who carried on the business.
• If both spouses participate, the income and deductions are
allocated to the spouses based on their distributive shares.
• If either or both you and your spouse are partners in a
partnership, see Pub. 541.
• If you and your spouse elected to treat the business as a
qualifying joint venture, see Qualified Joint Venture, earlier,
for how to report income and deductions.
States with community property laws include Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. See Pub. 555 for more information
about community property laws.

Reportable transaction disclosure statement. If you entered
into a reportable transaction in 2020, you must file Form 8886
to disclose information if your federal income tax liability is affected by your participation in the transaction. You may have
to pay a penalty if you are required to file Form 8886 but don't
do so. You may also have to pay interest and penalties on any
reportable transaction understatements. For more information
on reportable transactions, see the Instructions for Form 8886.

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Estimated Tax

is a person who doesn't take any active part in managing the
business.

If you had to make estimated tax payments for 2020, and you
underpaid your estimated tax, you won't be charged a penalty if
both of the following apply.
• Your gross farming or fishing income for 2019 or 2020 is
at least two-thirds of your gross income, and
• You file your 2020 tax return and pay the tax due by
March 1, 2021.

Line D
Enter on line D the employer identification number (EIN) that
was issued to you on Form SS-4. Don't enter your SSN. Don't
enter another taxpayer's EIN (for example, from any Forms
1099-MISC that you received). If you don't have an EIN,
leave line D blank.

For details and alternative ways to avoid the estimated tax
penalty, see the Instructions for Form 2210-F and chapter 15 of
Pub. 225.

You need an EIN only if you have a qualified retirement
plan or are required to file employment, excise, alcohol, tobacco, or firearms returns, or if you are a payer of gambling winnings. If you need an EIN, see the Instructions for Form SS-4.
Single-member LLCs. If you are a sole owner of an LLC that
isn't treated as a separate entity for federal income tax purposes, you may have an EIN that was issued to the LLC (and in
the LLC's legal name) if you are required to file employment
tax returns and certain excise tax returns. However, you should
enter on line D only the EIN issued to you and in your
name as the sole proprietor of your farming business. If you
don't have such an EIN, leave line D blank. Don't enter on line
D the EIN issued to the LLC.
Single-member limited liability companies (LLCs) with employees. Single-member LLCs that are disregarded as entities
separate from their owner for federal income tax purposes are
required to file employment tax returns using the LLC's name
and EIN rather than the LLC owner's name and EIN. For more
information, see the Instructions for Form SS-4.
Filers of Forms 1041 and 1065. Enter on line D the EIN issued to the estate, trust, or partnership.

Specific Instructions
Filers of Forms 1041 and 1065. Don't complete the block labeled “Social security number (SSN).” Instead, enter the employer identification number (EIN) issued to the estate, trust, or
partnership on line D.

Line B
On line B, enter one of the 14 principal agricultural activity codes listed in Part IV on page 2 of Schedule F (Form 1040). Select the code that best describes the source of most of your income.

Line C
If you use the cash method, check the box for “Cash.” Complete Schedule F (Form 1040), Parts I and II. In most cases, report income in the year in which you actually or constructively
received it and deduct expenses in the year you paid them.
However, if the payment of an expenditure creates an intangible asset (such as prepaid expense) having a useful life that extends beyond 12 months or the end of the next tax year, it may
not be deductible or may be deductible only in part for the year
of the payment. See chapter 2 of Pub. 225.

Line E
Material participation. For the definition of material participation for purposes of the passive activity rules, see the Instructions for Schedule C (Form 1040), line G. If you meet any
of the material participation tests described in those instructions, check the “Yes” box.
If you are a retired or disabled farmer, you are treated as
materially participating in a farming business if you materially
participated 5 or more of the 8 years preceding your retirement
or disability. Also, a surviving spouse is treated as materially
participating in a farming activity if he or she actively manages
the farm and the real property used for farming meets the estate
tax rules for special valuation of farm property passed from a
qualifying decedent.
Check the “No” box if you didn't materially participate. If
you checked “No” and you have a loss from this business, see
Limit on passive losses, next. If you have a profit from this
business activity but have current year losses from other passive activities or prior year unallowed passive activity losses,
see the Instructions for Form 8582.
Limit on passive losses. If you checked the “No” box and you
have a loss from this business, you may have to use Form 8582
to figure your allowable loss, if any, to enter on Schedule F
(Form 1040), line 34. In most cases, you can deduct losses

If you use the accrual method, check the box for “Accrual.”
Complete Schedule F (Form 1040), Parts II, III, and Part I,
line 9. Generally, report income in the year in which you
earned it and deduct expenses in the year you incurred them,
even if you didn't pay them in that year. Accrual basis taxpayers are put on a cash basis for deducting business expenses owed to a related cash-basis taxpayer. Other rules determine the
timing of deductions based on economic performance. See Pub.
538.
Farming syndicates. Farming syndicates can't use the cash
method of accounting. A farming syndicate may be a partnership, LLC, S corporation, or any other enterprise other than a C
corporation if:
• The interests in the business have at any time been offered for sale in a way that would require registration with any
federal or state agency, or
• More than 35% of the losses during any tax year are allocable to limited partners or limited entrepreneurs. A limited
partner is one who can lose only the amount invested or required to be invested in the partnership. A limited entrepreneur

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from passive activities only to the extent of income from passive activities. For details, see Pub. 925.

Where to
report

Form
1099-PATR . . . . . . . . . . . . . . . . . . . .
1099-A . . . . . . . . . . . . . . . . . . . . . .
1099-MISC for crop insurance . . . . . . . . .
1099-G or CCC-1099-G
• for disaster payments . . . . . . . . . .
• for other agricultural program payments

Line F
If you made any payments in 2020 that would require you to
file any Forms 1099, check the “Yes” box. Otherwise, check
the “No” box. See the 2020 General Instructions for Certain Information Returns if you are unsure whether you are required
to file any Forms 1099. Also see the separate specific instructions for each Form 1099.

. . .
. . .
. . .
. . .
. .

Line 3a
Line 5b
Line 6a
Line 6a
Line 4a

You may receive Form 1099-MISC for other types of income. In this case, report it on whichever line best describes
the income. For example, if you receive a Form 1099-MISC for
custom farming work, include this amount on line 7. In most
cases, your business income will be in the form of cash,
checks, and debit/credit card payments. Therefore, you should
consider the amounts shown on Form 1099-K, Payment Card
and Third-Party Network Transactions, along with all other
amounts received, when calculating gross receipts. (See
Understanding your 1099K on IRS.gov.)

Generally, you must file Form 1099-MISC if you paid
TIP at least $600 in rents, services, prizes, medical and
health care payments, and other income payments.
The Guide to Information Returns in the 2020 General Instructions for Certain Information Returns has more information,
including the due dates for the various information returns.

Part I. Farm Income—Cash
Method

Lines 3a and 3b
If you received distributions from a cooperative in 2020, you
should receive a Form 1099-PATR. On line 3a, show your total
distributions from cooperatives. This includes patronage dividends, nonpatronage distributions, per-unit retain allocations,
and redemptions of nonqualified written notices of allocation
and per-unit retain certificates.

In Part I, show income received for items listed on lines 1
through 8. In most cases, include both the cash actually or constructively received and the fair market value of goods or other
property received for these items. Income is constructively received when it's credited to your account or set aside for you to
use.

Show patronage dividends received in cash and the dollar
amount of qualified written notices of allocation. If you received property as patronage dividends, report the fair market
value of the property as income. Include cash advances received from a marketing cooperative. If you received per-unit
retains in cash, show the amount of cash. If you received qualified per-unit retain certificates, show the stated dollar amount
of the certificates.

If you ran the farm yourself and received rents based on
crop shares or farm production, report these rents as income on
line 2.
Sales of livestock because of weather-related conditions. If
you sold livestock because of drought, flood, or other weather-related conditions, you can elect to report the income from
the sale in the year after the year of sale if all of the following
apply.
• Your main business is farming.
• You can show that you sold the livestock only because of
weather-related conditions.
• Your area qualified for federal aid.
See chapter 3 of Pub. 225 for details.
Chapter 11 bankruptcy. If you were a debtor in a chapter 11
bankruptcy case during 2020, see Chapter 11 Bankruptcy Cases in the Instructions for Forms 1040 and 1040-SR (under Income) and the Instructions for Schedule SE (Form 1040).
Forms 1099 or CCC-1099-G. If you received Forms 1099 or
CCC-1099-G showing amounts paid to you, first determine if
the amounts are to be included with farm income. Then, use the
following chart to determine where to report the income on
Schedule F (Form 1040). Include the Form 1099 or
CCC-1099-G amounts in the total amount reported on that line.

Don't include as income on line 3b, patronage dividends
from buying personal or family items, capital assets, or depreciable assets. Enter these amounts on line 3a only. Because you
don't report patronage dividends from these items as income,
you must subtract the amount of the dividend from the cost or
other basis of these items.

Lines 4a and 4b
Enter on line 4a, the total of the government agricultural program payments that you received. This includes the following
amounts.
• Price loss coverage payments.
• Agriculture risk coverage payments.
• Coronavirus Food Assistance Program payments.
Coronavirus Food Assistance Program payments proTIP vide direct payments to producers of eligible agricultural commodities adversely affected by the COVID-19 outbreak. The program helps offset sales losses and increased marketing costs associated with the COVID-19 pandemic. Generally, a producer must have suffered a
5%-or-greater price loss over a specified time resulting from
the COVID-19 outbreak or face additional significant market-

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ing costs for inventories. The payment amount is determined, in
part, by the type of commodity produced.

If you elect to defer any eligible crop insurance proceeds,
you must defer all such crop insurance proceeds (including federal crop disaster payments) from a single trade or business.

•
•

Market Facilitation Program payments.
Market gain from the repayment of a secured Commodity
Credit Corporation (CCC) loan for less than the original loan
amount.
• Diversion payments.
• Cost-share payments (sight drafts).
• Payments in the form of materials (such as fertilizer or
lime) or services (such as grading or building dams).

Enter on line 6a the total crop insurance proceeds you received in 2020, even if you elect to include them in income for
2021.
Enter on line 6b the taxable amount of the proceeds you received in 2020. Don't include proceeds you elect to include in
income for 2021.
Enter on line 6d the amount, if any, of crop insurance proceeds you received in 2019 and elected to include in income
for 2020.

These amounts are usually reported to you on Form 1099-G.
You may also receive Form CCC-1099-G from the Department
of Agriculture showing the amounts and types of payments
made to you.

Line 8

On line 4b, report only the taxable amount. For example,
don't report the market gain shown on Form CCC-1099-G on
line 4b if you elected to report CCC loan proceeds as income in
the year received (see Lines 5a Through 5c, later). No gain results from redemption of the commodity because you previously reported the CCC loan proceeds as income. You are treated
as repurchasing the commodity for the amount of the loan repayment. However, if you didn't report the CCC loan proceeds
under the election, you must report the market gain on line 4b.

Enter on line 8 income not otherwise reportable on lines 1
through 7. This includes the following types of income.
• Illegal federal irrigation subsidies. See chapter 3 of Pub.
225.
• Bartering income.
• Income from cancellation of debt. In most cases, if a debt
is canceled or forgiven, you must include the canceled amount
in income. If a federal agency, financial institution, or credit
union canceled or forgave a debt you owed of $600 or more, it
should send you a Form 1099-C, or similar statement, by January 31, 2021, showing the amount of debt canceled in 2020.
However, you may be able to exclude the canceled debt from
income. See Pub. 4681 for details.
• State gasoline or fuel tax refunds you received in 2020.
• Any amount included in income from line 2 of Form
6478, Biofuel Producer Credit.
• Any amount included in income from line 8 of Form
8864, Biodiesel and Renewable Diesel Fuels Credit.
• The amount of credit for federal tax paid on fuels claimed
on your 2019 Schedule 3 (Form 1040). For information on including the credit in income, see chapter 2 of Pub. 510.
• Any recapture of excess depreciation on any listed property, including any section 179 expense deduction, if the business use percentage of that property decreased to 50% or less
in 2020. Use Part IV of Form 4797 to figure the recapture. See
the Instructions for Schedule C (Form 1040), line 13, for the
definition of listed property.
• The inclusion amount on leased listed property (other
than vehicles) when the business use percentage drops to 50%
or less. See chapter 5 of Pub. 946 to figure the amount.
• Any recapture of the deduction or credit for clean-fuel vehicle refueling property or alternative fuel vehicle refueling
property used in your farming business. For details on how to
figure recapture, see Regulations section 1.179A-1.
• Any income from breeding fees, or fees from renting
teams, machinery, or land that isn't reported on Schedule E
(Form 1040) or Form 4835.
• The gain or loss on the sale of commodity futures contracts if the contracts were made to protect you from price
changes. These are a form of business insurance and are considered hedges. If you had a loss in a closed futures contract,
enclose the amount of the loss in parentheses.

Lines 5a Through 5c
Commodity Credit Corporation (CCC) loans. In most cases, you don't report CCC loan proceeds as income. However,
if you pledge part or all of your production to secure a CCC
loan, you can elect to report the loan proceeds as income in the
year you receive them. If you make this election (or made the
election in a prior year), report loan proceeds you received in
2020 on line 5a. Attach a statement to your return showing the
details of the loan(s). See chapter 3 of Pub. 225.
Forfeited CCC loans. Include the full amount forfeited on
line 5b, even if you reported the loan proceeds as income. This
amount may be reported to you on Form 1099-A.
If you didn't elect to report the loan proceeds as income, also include the forfeited amount on line 5c.
If you did elect to report the loan proceeds as income, you
generally won't have an entry on line 5c. But if the amount forfeited is different from your basis in the commodity, you may
have an entry on line 5c.
See chapter 3 of Pub. 225 for details on the tax consequences of electing to report CCC loan proceeds as income or forfeiting CCC loans.

Lines 6a Through 6d
In most cases, you must report crop insurance proceeds in the
year you receive them. Federal crop disaster payments are treated as crop insurance proceeds. However, if 2020 was the year
of damage, you can elect to include certain proceeds in income
for 2021. To make this election, check the box on line 6c and
attach a statement to your return. See chapter 3 of Pub. 225 for
a description of the proceeds for which an election can be made
and for what you must include in your statement.

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• Any amount of credit for qualified sick and family leave
wages from Form(s) 941, lines 11b and 13c, Form(s) 943, lines
12b and 14d, and Form(s) 944, lines 8b and 10d.

or less for the 3 prior tax years and is not a tax shelter, as defined in section 448(d)(3).
If you capitalize your expenses, don't reduce your deductions on lines 10 through 32e by the capitalized expenses. Instead, enter the total amount capitalized in parentheses on
line 32f (to indicate a negative amount) and enter “263A” in
the space to the left of the total. See Preproductive period expenses, later, for details.
But, you may be able to currently deduct rather than capitalize the expenses of producing a plant with a preproductive period of more than 2 years.

For property acquired and hedging positions established, you must clearly identify on your books and reCAUTION cords both the hedging transaction and the item(s) or
aggregate risk being hedged.

!

Purchase or sales contracts aren't true hedges if they offset
losses that already occurred. If you bought or sold commodity
futures with the hope of making a profit due to favorable price
changes, report the profit or loss on Form 6781 instead of this
line.

Election to deduct certain preproductive period expenses.
If the preproductive period of any plant you produce is more
than 2 years, you can elect to currently deduct the expenses
rather than capitalize them. But, you can't make this election
for the costs of planting or growing citrus or almond groves incurred before the end of the fourth tax year beginning with the
tax year you planted them in their permanent grove. You are
treated as having made the election by deducting the preproductive period expenses in the first tax year for which you can
make this election and by applying the special rules, discussed
later.

Part II. Farm Expenses
Don't deduct the following.
• Personal or living expenses (such as taxes, insurance, or
repairs on your home) that don't produce farm income.
• Expenses of raising anything you or your family used.
• The value of animals you raised that died.
• Inventory losses.
• Personal losses.

In the case of a partnership or S corporation, the election must be made by the partner, shareholder, or
CAUTION member. This election can't be made by tax shelters,
farming syndicates, partnerships, or corporations required to
use the accrual method of accounting under section 447 or
448(a)(3).

!

If you were repaid for any part of an expense during the
same year, you must subtract the amount you were repaid from
the deduction.
Capitalizing costs to property produced and property acquired for resale. If you produced real or tangible personal
property or acquired property for resale, you must generally
capitalize certain expenses to your inventory or other property.
These expenses include the direct costs of the property and any
indirect costs properly allocable to that property.
For tax years beginning after 2017, small business taxpayers, defined later, are not required to capitalize costs under section 263A. Section 263A generally doesn't apply to the following expenses.
1. Producing any plant that has a preproduction period of 2
years or less.
2. Raising animals.
3. Replanting certain crops if they were lost or damaged by
reason of freezing temperatures, disease, drought, pests, or
casualty.

Unless you obtain IRS consent, you must make this election
for the first tax year in which you engage in a farming business
involving the production of property subject to the capitalization rules. You can't revoke this election without IRS consent.
Special rules. If you make the election to deduct preproductive expenses for plants:
• Any gain you realize when disposing of the plants is ordinary income up to the amount of the preproductive expenses
you deducted, and
• The alternative depreciation rules apply to property
placed in service in any tax year your election is in effect.
For details, see Uniform Capitalization Rules in chapter 6 of
Pub. 225.
Prepaid farm supplies. In most cases, if you use the cash
method of accounting and your prepaid farm supplies are more
than 50% of your other deductible farm expenses, your deduction for those supplies may be limited. Prepaid farm supplies
include expenses for feed, seed, fertilizer, and similar farm supplies not used or consumed during the year.
They also include the cost of poultry that would be allowable as a deduction in a later tax year if you were to:
1. Capitalize the cost of poultry bought for use in your
farming business and deduct it ratably over the lesser of 12
months or the useful life of the poultry, and
2. Deduct the cost of poultry bought for resale in the year
you sell or otherwise dispose of it.

Exceptions (1) and (2) don't apply to tax shelters, farming
syndicates, partnerships, or corporations required to use the accrual method of accounting under section 447 or 448(a)(3).
Special rules apply to exception (3) if replanting costs are
paid or incurred by a taxpayer other than the person described
in section 263A(d)(2)(A). See section 263A(d)(2)(B) and (C)
for these different rules. Under section 263A(d)(2)(C), there is
a temporary rule for replanting costs of citrus plants that are
paid or incurred after December 22, 2017, and on or before December 22, 2027.
Small business taxpayer. A small business taxpayer is a
taxpayer that has average annual gross receipts of $26 million

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• The achievement of site-specific management actions
recommended in recovery plans approved pursuant to the Endangered Species Act of 1973.

If the limit applies, you can deduct prepaid farm supplies
that don't exceed 50% of your other deductible farm expenses
in the year of payment. You can deduct the excess only in the
year you use or consume the supplies (other than poultry,
which is deductible, as explained above). For details and exceptions to these rules, see chapter 4 of Pub. 225.
Whether or not this 50% limit applies, your expenses for
livestock feed paid during the year but consumed in a later year
may be subject to the rules, explained in the line 16 instructions.

These expenses can be deducted only if they're consistent
with a conservation plan approved by the Natural Resources
Conservation Service of the Department of Agriculture or a recovery plan approved pursuant to the Endangered Species Act
of 1973, for the area in which your land is located. If no plan
exists, the expenses must be consistent with a plan of a comparable state agency. You can't deduct the expenses if they were
paid or incurred for land used in farming in a foreign country.

Line 10

Don't deduct expenses you paid or incurred to drain or fill
wetlands, or to prepare land for center pivot irrigation systems.

You can deduct the actual expenses of operating your car or
truck or take the standard mileage rate. You must use actual expenses if you used five or more vehicles simultaneously in your
farming business (such as in fleet operations). You can't use actual expenses for a leased vehicle if you previously used the
standard mileage rate for that vehicle.

Your deduction can't exceed 25% of your gross income
from farming (excluding certain gains from selling assets such
as farm machinery and land). If your conservation expenses are
more than the limit, the excess can be carried forward and deducted in later tax years. However, the amount deductible for
any 1 year can't exceed the 25% gross income limit for that
year.

You can take the standard mileage rate for 2020 only if you:
• Owned the vehicle and used the standard mileage rate for
the first year you placed the vehicle in service, or
• Leased the vehicle and are using the standard mileage
rate for the entire lease period.

For details, see chapter 5 of Pub. 225.

Line 13

If you take the standard mileage rate:
• Multiply the number of business miles driven by 57.5
cents, and
• Add to this amount your parking fees and tolls, and enter
the total on line 10.

Enter amounts paid for custom hire or machine work (the machine operator furnished the equipment).
Don't include amounts paid for rental or lease of equipment
you operated yourself. Instead, report those amounts on
line 24a.

Don't deduct depreciation, rent or lease payments, or your
actual operating expenses.

Line 14
You can deduct depreciation of buildings, improvements, cars
and trucks, machinery, and other farm equipment of a permanent nature.

If you deduct actual expenses:
• Include on line 10, the business portion of expenses for
gasoline, oil, repairs, insurance, license plates, etc.; and
• Show depreciation on line 14 and rent or lease payments
on line 24a.

Don't deduct depreciation on your home, furniture or other
personal items, land, livestock you bought or raised for resale,
or other property in your inventory.

If you claim any car or truck expenses (actual or the standard mileage rate), you must provide the information requested
on Form 4562, Part V. Be sure to attach Form 4562 to your return.

You can also elect under section 179 to expense a portion of
the cost of certain property you bought in 2020 for use in your
farming business. The section 179 election is made on Form
4562.
Special depreciation allowance. For certain trees and vines,
bearing fruits and nuts, planted or grafted after September 27,
2017, and before January 1, 2027, you may elect to claim the
special depreciation allowance at the time they were planted or
grafted. Additional property placed in service in 2020 may
qualify for the special depreciation allowance. See the Instructions for Form 4562 for more information.
Electing farming business. If you made an election not to
have the business interest expense limitation apply, any property with a recovery period of 10 years or more held by you must
be depreciated under the alternative depreciation system. For
details, see Revenue Procedure 2019-8.

For details, see chapter 4 of Pub. 463.

Line 12
Deductible conservation expenses are generally those that are
paid to conserve soil and water for land used in farming, to prevent erosion of land used for farming, or for endangered species recovery. These expenses include (but aren't limited to)
costs for the following.
• The treatment or movement of earth, such as leveling,
grading, conditioning, terracing, contour furrowing, and the restoration of soil fertility.
• The construction, control, and protection of diversion
channels, drainage ditches, irrigation ditches, earthen dams,
watercourses, outlets, and ponds.
• The eradication of brush.
• The planting of windbreaks.

For information about depreciation and the section 179 deduction, see Pub. 946 and chapter 7 of Pub. 225. For details on
the special depreciation allowance, see chapter 3 of Pub. 946.

F-7

See the Instructions for Form 4562 for information on when
you must complete and attach Form 4562.

gage interest and investment interest are treated differently.
“Interest allocation” rules require you to allocate (classify)
your interest expense so it's deducted (or capitalized) on the
correct line of your return and receives the right tax treatment.
These rules could affect how much interest you are allowed to
deduct on Schedule F (Form 1040).
In most cases, you allocate interest expense by tracing how
the proceeds of the loan are used. See chapter 4 of Pub. 535 for
details.
If you paid interest on a debt secured by your main home
and any of the proceeds from that debt were used in your farming business, see chapter 4 of Pub. 535 to figure the amount to
include on lines 21a and 21b.
How to report. Before entering an amount on line 21a or 21b,
see the Instructions for Form 8990, Limitation on Business Interest Expense Under Section 163(j), to identify whether you
are required to limit your business interest expense or whether
you can elect not to limit your business interest expense. If you
are required to limit your business interest expense, include only the amount you are allowed to deduct on lines 21a and 21b.
If you are not required to limit your business interest expense
and if you have a mortgage on real property used in your farming business (other than your main home), enter on line 21a the
interest you paid for 2020 to banks or other financial institutions for which you received a Form 1098 (or similar statement). If you didn't receive a Form 1098, enter the interest on
line 21b.
If you paid more mortgage interest than is shown on Form
1098, see chapter 4 of Pub. 535 to find out if you can deduct
the additional interest. If you can, include the amount on
line 21a. Attach a statement to your return explaining the difference and enter “See attached” in the margin next to line 21a.
If you and at least one other person (other than your spouse
if you file a joint return) were liable for and paid interest on the
mortgage and the other person received the Form 1098, include
your share of the interest on line 21b. Attach a statement to
your return showing the name and address of the person who
received the Form 1098. In the margin next to line 21b, enter
“See attached.”
Don't deduct interest you prepaid in 2020 for later years; include only the part that applies to 2020.

Line 15
Deduct contributions to employee benefit programs that aren't
an incidental part of a pension or profit-sharing plan included
on line 23. Examples are accident and health plans, group-term
life insurance, and dependent care assistance programs. If you
made contributions on your behalf as a self-employed person to
a dependent care assistance program, complete Form 2441,
Parts I and III, to figure your deductible contributions to that
program.
Contributions you made on your behalf as a self-employed
person to an accident and health plan or for group-term life insurance aren't deductible on Schedule F (Form 1040). However, you may be able to deduct on Schedule 1 (Form 1040),
line 16, the amount you paid for health insurance on behalf of
yourself, your spouse, and dependent(s) even if you don't itemize your deductions. See the instructions for Schedule 1 (Form
1040), line 16, for details.
You must reduce your line 15 deduction by the amount of
any credit for small employer health insurance premiums determined on Form 8941. See Form 8941 and its instructions to determine which expenses are eligible for the credit.

Line 16
If you use the cash method, you can't deduct when paid the cost
of feed your livestock will consume in a later year unless all of
the following apply.
• The payment was for the purchase of feed rather than a
deposit.
• The prepayment had a business purpose and wasn't made
merely to avoid tax.
• Deducting the prepayment won't materially distort your
income.
If all of the above apply, you can deduct the prepaid feed
when paid, subject to the overall limit for Prepaid farm supplies, explained earlier. If all of the above doesn't apply, you
can deduct the prepaid feed only in the year it's consumed.

Line 18

Line 22

Don't include the cost of transportation incurred in purchasing
livestock held for resale as freight paid. Instead, add these costs
to the cost of the livestock.

Enter the amounts you paid for farm labor. Don't include
amounts paid to yourself. Reduce your deduction by the
amounts claimed on:
• Form 5884, Work Opportunity Credit.
• Form 8844, Empowerment Zone Employer Credit.
• Form 8845, Indian Employment Credit.
• Form 8932, Credit for Employer Differential Wage Payments.
• Form 8994, Employer Credit for Paid Family and Medical Leave.

Line 20
Deduct on this line premiums paid for farm business insurance.
Deduct on line 15 amounts paid for employee accident and
health insurance. Amounts credited to a reserve for self-insurance or premiums paid for a policy that pays for your lost earnings due to sickness or disability aren't deductible. For details,
see chapter 6 of Pub. 535.

Include the cost of boarding farm labor but not the value of
any products they used from the farm. Include only what you
paid household help to care for farm laborers.

Lines 21a and 21b
Interest allocation rules. The tax treatment of interest expense differs depending on its type. For example, home mort-

F-8

Also, reduce your deduction by the nonrefundable and refundable portions of the new CARES Act employee retention
credit claimed on Form(s) 943 for your farming business employees.

Line 29
You can deduct the following taxes on this line.
• Real estate and personal property taxes on farm business
assets.
• Social Security and Medicare taxes you paid to match
what you are required to withhold from farm employees' wages.
• Federal unemployment tax.
• Federal highway use tax.
• Contributions to state unemployment insurance fund or
disability benefit fund if they're considered taxes under state
law.

If you provided taxable fringe benefits to your employees, such as personal use of a car, don't include in
CAUTION farm labor the amounts you depreciated or deducted
elsewhere.

!

Line 23
Enter your deduction for contributions to employee pension,
profit-sharing, or annuity plans. If the plan included you as a
self-employed person, enter contributions made as an employer
on your behalf on Schedule 1 (Form 1040), line 15, not on
Schedule F (Form 1040).

Do not reduce your deduction for Social Security and
Medicare taxes by the following amounts claimed on
CAUTION Form(s) 943 for your farming business employees.
1. The nonrefundable and refundable portions of the new
CARES Act employee retention credit.
2. The nonrefundable and refundable portions of the new
FFCRA credits for qualified sick and family leave wages.

!

In most cases, you must file the applicable form listed next
if you maintain a pension, profit-sharing, or other funded-deferred compensation plan. The filing requirement isn't affected
by whether the plan qualified under the Internal Revenue Code,
or whether you claim a deduction for the current tax year.
There is a penalty for failure to timely file these forms.
Form 5500-EZ. File this form if you have a one-participant
retirement plan that meets certain requirements. A one-participant plan is a plan that covers only you (or you and your
spouse).
Form 5500-SF. File this form electronically with the Department of Labor (at www.efast.dol.gov) if you have a small plan
(fewer than 100 participants in most cases) that meets certain
requirements.
Form 5500. File this form electronically with the Department
of Labor (at www.efast.dol.gov) for a plan that doesn't meet the
requirements for filing Form 5500-EZ or Form 5500-SF.

Instead, item (1) reduces your deduction for wages on Line 22,
and item (2) must be reported as income on Line 8.
Don't deduct the following taxes on this line.
• Federal income taxes, including your self-employment
tax. However, you can deduct one-half of self-employment tax
on Schedule 1 (Form 1040), line 14.
• Estate and gift taxes.
• Taxes assessed for improvements, such as paving and
sewers.
• Taxes on your home or personal use property.
• State and local sales taxes on property purchased for use
in your farming business. Instead, treat these taxes as part of
the cost of the property.
• Other taxes not related to your farming business.

For details, see Pub. 560.

Lines 24a and 24b

Line 30

If you rented or leased vehicles, machinery, or equipment, enter on line 24a the business portion of your rental cost. But, if
you leased a vehicle for a term of 30 days or more, you may
have to reduce your deduction by an inclusion amount. See
Leasing a Car in chapter 4 of Pub. 463 to figure this amount.

Enter amounts you paid for gas, electricity, water, and other
utilities for business use on the farm. Don't include personal
utilities. You can't deduct the base rate (including taxes) of the
first telephone line into your residence, even if you use it for
your farming business. But, you can deduct expenses you paid
for your farming business that are more than the cost of the
base rate for the first phone line. For example, if you had a second phone line, you can deduct the business percentage of the
charges for that line, including the base rate charges.

Enter on line 24b amounts paid to rent or lease other property such as pasture or farmland.

Line 25

Lines 32a Through 32f

Enter amounts you paid for repairs and maintenance of farm
buildings, machinery, and equipment that are not payments for
improvements to the property. Amounts are paid for improvements if they are for betterments to your property, restorations
of your property (such as the replacements of major components or substantial structural parts), or if they adapt your property to a new or different use. See Pub. 225, chapter 4, for more
information.

Include all ordinary and necessary farm expenses not deducted
elsewhere on Schedule F (Form 1040), such as advertising, office supplies, etc. Don't include fines or penalties paid to a government for violating any law.
At-risk loss deduction. Any loss from this activity that wasn't
allowed last year because of the at-risk rules is treated as a deduction allocable to this activity in 2020.

Don't deduct repairs or maintenance on your home.

Bad debts. See chapter 10 of Pub. 535.

F-9

Business start-up costs. If your farming business began in
2020, you can elect to deduct up to $5,000 of certain business
start-up costs. The $5,000 limit is reduced (but not below zero)
by the amount by which your start-up costs exceed $50,000.
Your remaining start-up costs can be amortized over a
180-month period, beginning with the month the farming business began. For details, see chapters 4 and 7 of Pub. 225. For
amortization that begins in 2020, you must complete and attach
Form 4562.
Business use of your home. You may be able to deduct certain expenses for business use of your home, subject to limitations. You may also be able to use a simplified method to figure your deduction. Use the appropriate worksheets in Pub. 587
to figure your allowable deduction. Don't use Form 8829.
De minimis safe harbor for tangible property. You may be
able to elect to use a de minimis safe harbor to deduct amounts
paid for certain tangible real or personal property used in your
farming business. If you elect the de minimis safe harbor for
the tax year, enter the total amounts you paid for property qualifying under the de minimis safe harbor on line 32. Don’t include these amounts on any other line. For details, see chapter 1 of Pub. 535.
Forestation and reforestation costs. Reforestation costs are
generally capital expenditures. However, for each qualified
timber property, you can elect to expense up to $10,000
($5,000 if married filing separately) of qualifying reforestation
costs paid or incurred in 2020.
You can elect to amortize the remaining costs over 84
months. For amortization that begins in 2020, you must complete and attach Form 4562.
The amortization election doesn't apply to trusts, and the expense election doesn't apply to estates and trusts. For details on
reforestation expenses, see chapters 4 and 7 of Pub. 225.
Legal and professional fees. You can include on this line fees
charged by accountants and attorneys that are ordinary and
necessary expenses directly related to your farming business.
Include fees for tax advice and for the preparation of tax forms
related to your farming business. Also, include expenses incurred in resolving asserted tax deficiencies related to your farming business.
Tools. You can deduct the amount you paid for tools that have
a short life or cost a small amount, such as shovels and rakes.

For details, see Capitalizing costs of producing property
and acquiring property for resale, earlier, and Uniform Capitalization Rules in chapter 6 of Pub. 225.

Line 33
If line 32f is a negative amount, subtract it from the total of
lines 10 through 32e. Enter the result on line 33.

Line 34
Figuring your net profit loss. If line 33 is more than line 9,
don't enter your loss on line 34 until you have applied the
at-risk rules, and the passive activity loss rules. To apply these
rules, follow the instructions for line 36, and the Instructions
for Form 8582. After applying these rules, the amount on
line 34 will be your loss, and it may be smaller than the amount
figured by subtracting line 33 from line 9.
If line 9 is more than line 33, and you don't have prior year
unallowed passive activity losses, subtract line 33 from line 9.
The result is your net profit.
If line 9 is more than line 33, and you have prior year unallowed passive activity losses, don't enter your net profit on
line 34 until you have figured the amount of prior year unallowed passive activity losses you may claim this year for this
activity. Use Form 8582 to figure the amount of prior year unallowed passive activity losses you may include on line 34.
Make sure to indicate that you are including prior year passive
activity losses by entering "PAL" to the left of the entry space.
If you checked the "No" box on line E, see the Instructions
for Form 8582; you may need to include information from this
schedule on that form, even if you have a net profit.
Partnerships. Subtract line 33 from line 9. If the amount is
a loss, the partners may need to apply the at-risk rules, and the
passive activity loss rules to determine the amount of their loss
on line 34.
Reporting your net profit or loss. Once you have figured
your net profit or loss, report it as follows.
Individuals. Enter your net profit or loss on line 34 and on
Schedule 1 (Form 1040), line 6, and Schedule SE (Form 1040),
line 1a.

Travel and meals. In most cases, you can deduct expenses for
farm business travel and 50% of your business meals. But,
there are exceptions and limitations. See the Instructions for
Schedule C (Form 1040), lines 24a and 24b.

Nonresident aliens. Enter the net profit or loss on line 34
and on Schedule 1 (Form 1040), line 6. You should also enter
this amount on Schedule SE (Form 1040), line 1a, if you are
covered under the U.S. social security system due to an international social security agreement currently in effect. See the Instructions for Schedule SE (Form 1040) for information on international social security agreements.

Entertainment expenses related to your trade or business are generally no longer deductible after 2017.

Partnerships. Enter the net profit or loss on line 34 and on
Form 1065, line 5.

!

CAUTION

Preproductive period expenses. If you had preproductive period expenses in 2020 that you are capitalizing, enter the total
of these expenses in parentheses on line 32f (to indicate a negative amount) and enter “263A” in the space to the left of the total.

Trusts and estates. Enter the net profit or loss on line 34
and on Form 1041, line 6.
Community income. If you and your spouse had community
income and are filing separate returns, see the Instructions for
Schedule SE (Form 1040) before figuring self-employment tax.

F-10

Earned income credit. If you have a net profit on line 34, this
amount is earned income and may qualify you for the earned
income credit if you meet certain conditions. See the Instructions for Form 1040 or 1040-SR, line 27, for details.
Conservation Reserve Program (CRP) payments. If you received social security retirement or disability benefits in addition to CRP payments, the CRP payments aren't subject to
self-employment tax. You will deduct these payments from
your net farm profit or loss on Schedule SE (Form 1040),
line 1b. Don't make any adjustment on Schedule F (Form
1040).

Line 35
Reserved for future use. Originally, for tax years beginning
after 2017 and before 2026, the Tax Cuts and Jobs Act of 2017
(TCJA) limited excess business losses of a taxpayer other than
a corporation after application of the passive loss rules. The
TCJA also suspended the excess farm loss limitation rules for
those same tax years. In 2020, the excess business loss limitation rules were repealed for the 2020 tax year by the CARES
Act, which also retroactively repealed the rules for the 2018
and 2019 tax years. Thus, neither the excess business loss limitation rules nor the excess farm loss limitation rules apply for
2020, 2019, or 2018. The excess business loss limitation rules,
as substantively amended by the CARES Act, are still in effect
for tax years beginning after 2020 and before 2026.

Line 36
TIP

farming is limited by the at-risk rules. Follow the instructions
below that apply to your box 36 activity.
All investment is at risk. If all your investment amounts are
at risk in this activity, check box 36a. If you also checked the
“Yes” box on line E, your remaining loss is your loss. The
at-risk rules and the passive activity loss rules don't apply. See
Line 34, earlier, for how to report your loss.
But, if you checked the “No” box on line E, you may need
to complete Form 8582 to figure your loss to enter on line 34.
See the Instructions for Form 8582.
Some investment isn't at risk. If some investment isn't at
risk, check box 36b; the at-risk rules apply to your loss. Be sure
to attach Form 6198 to your return.
If you also checked the “Yes” box on line E, complete Form
6198 to determine the amount of your loss. The passive activity
loss rules don't apply. See Line 34, earlier, for how to report
your loss.
But, if you checked the “No” box on line E, the passive activity loss rules may apply. First, complete Form 6198 to figure
the amount of your profit or loss for the at-risk activity, which
may include amounts reported on other forms and schedules,
and the at-risk amount for the activity. Follow the Instructions
for Form 6198 to determine how much of your Schedule F loss
to enter on line 34. After you figure the amount of your loss
under the at-risk rules, you may need to complete Form 8582 to
figure the amount of loss to enter on line 34. See the Instructions for Form 8582 for details.

!

You don't need to complete line 36 if line 9 is more
than line 33.

At-risk rules. In most cases, if you have a loss from a farming
activity and amounts invested in the activity for which you
aren't at risk, you must complete Form 6198 to figure your allowable loss. The at-risk rules generally limit the amount of
loss (including loss on the disposition of assets) you can claim
to the amount you could actually lose in the activity.
Check box 36b if you have amounts invested in this activity
for which you aren't at risk, such as the following.
• Nonrecourse loans used to finance the activity, to acquire
property used in the activity, or to acquire the activity that
aren't secured by your own property (other than property used
in the activity). However, there is an exception for certain nonrecourse financing borrowed by you in connection with holding
real property.
• Cash, property, or borrowed amounts used in the activity
(or contributed to the activity, or used to acquire the activity)
that are protected against loss by a guarantee, stop-loss agreement, or other similar arrangement (excluding casualty insurance and insurance against tort liability).
• Amounts borrowed for use in the activity from a person
who has an interest in the activity, other than as a creditor, or
who is related under section 465(b)(3)(C) to a person (other
than you) having such an interest.
Figuring your loss. Before determining your loss on line 34,
you must check box 36a or 36b to determine if your loss from

CAUTION

If you checked box 36b because some investment isn't
at risk and you don't attach Form 6198, the processing of your return may be delayed.

At-risk loss deduction. Any loss from this activity not allowed for 2020 only because of the at-risk rules is treated as a
deduction allocable to the activity in 2021.
More information. For details, see Pub. 925 and the Instructions for Form 6198.

Part III. Farm Income—Accrual
Method
You may be required to use the accrual accounting method. If
you use the accrual method, report farm income when you earn
it, not when you receive it. In most cases, you must include animals and crops in your inventory if you use this method. See
Pub. 225 for exceptions, inventory methods, how to change
methods of accounting, and rules that require certain costs to
be capitalized or included in inventory. For information about
accounting periods, see Pub. 538, Accounting Periods and
Methods.
Chapter 11 bankruptcy. If you were a debtor in a chapter 11
bankruptcy case during 2020, see Chapter 11 Bankruptcy Cases in the Instructions for Forms 1040 and 1040-SR (under Income) and the Instructions for Schedule SE (Form 1040).

F-11

The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden for
individual taxpayers filing this form is included in the estimates shown in the instructions for their individual income tax
return. The estimated burden for all other taxpayers who file
this form is approved under OMB control number 1545-1975
and is shown next.

Lines 38a Through 40c
See the instructions for lines 3a through 5c, earlier.

Line 43
See Line 8, earlier.
Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the
United States. You are required to give us the information. We
need it to ensure that you are complying with these laws and to
allow us to figure and collect the right amount of tax.
You aren't required to provide the information requested on
a form that is subject to the Paperwork Reduction Act unless
the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as
long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103.

Estimated Burden is:
Recordkeeping . . . . . . . . . . . . . . . . . . . . . . .
Learning about the law or the form. . . . . . . . . . .
Preparing and sending the form to the IRS . . . . . .

11 hr., 16 min.
2 hr., 33 min.
5 hr., 10 min.

If you have comments concerning the accuracy of these time
estimates or suggestions for making this form simpler, we
would be happy to hear from you. See the instructions for the
tax return with which this form is filed.

F-12