F1 1  ' Cash or Accural
F5 Y  ' Yourself spouse or both
F2 ~
F7 Y  ' Materially participate
TY 0
|
+ TY + 1968 * 100 ^ FTY
+ FTY - 100 ^ FLY
+ FTY + 100 ^ FNY
+ FTCD + FTCX ^ F5A
+ FAPP + FAPX ^ F6A
+ FCCF + FCCX ^ F7B
+ FLIV + FTCX + FAPX + FCCC + FCCX + FCRP + FCUS + FOTH ^ F45
+ FINB + FCSP ^ F48
+ F48 - FINE ^ F50
+ F45 - F50 ^ F51
^ TP1
+ F2 - X = + FINE - F48 > + 1 ^ TP1
+ TP1 > + FINE - F48 ^ F50
+ TP1 > + F45 + F50 ^ F51
+ FSYB - FCST ^ F03
+ FCRP + FCRX ^ F8A
+ F03 + FLIV + FTCX + FAPX + FCCC + FCCX + FCRX + FDEF + FCUS + FOTH ^ F11
+ F1 - 2 = + F51 ^ F11
+ FCEX + FCHM + FCON + FCHE + FDEP + FBEN + FEED + FFER + FFRG + FGFO ^ F35
+ F35 + FINS + FINM + FINO + FLAB + FPEN + FRTM + FRTO + FREP + FSED ^ F35
+ F35 + FSTR + FSUP + FTAX + FUTL + FVET + FOTA + FOTB + FOTC + FOTD + FOTE + FOTF ^ F35
+ F11 - F35 ^ F36
+ F7 - N = + F36 > + F36 ^ VW2A6
+ F7 - N = + F36 < - F36 ^ VW2B6
|
S Is this business owned by yourself` spouse or both?~[
X F5 `Y`S`B
Q 'Y' = Yourself` 'S' = Spouse` 'B' = Both.
S ]
R ~25
^
R -80
^
S A  Principal product. Describe crop or activity.
R ~4
S ! B  Principal activity code
^
R ~3
P ________________________________________________
S ~!
R ~4
P ___
R ~20
^
R ~52
S ! D  Employer ID number
R ~5
^
S C  Accounting method:  [
X F1 `1`2
Q '1' = Cash, '2' = Accrual.
S ] (1) Cash (2) Accrual
R ~5
S !
R ~4
P _________
R ~14
^
S E  Did you "materially participate" in the operation of this business?
R ~7
S [
X F7 `Y`N
Q 'Y' = Yes or 'N' = No.
S ]
^
R -80
^
S PART I - FARM INCOME - CASH METHOD
R ~46
^ 
S ~1  Sales of livestock you bought for resale
R .10
S ! 1 !
C FSYB
c FSYB
S !\\\!
R ~8
^
S ~2  Cost or other basis of livestock on line 1
R ~8
S ! 2 !
C FCST
c FCST
S !\\\!
R ~8
^ 
S ~3  Subtract line 2 from 1
R .41
S ! 3 !
T F03
^ 
S ~4  Sales of livestock, produce, grains, and other products raised.
S ! 4 !
C FLIV
c FLIV
^
S ~5a Total cooperative distributions..! 5a!
T F5A
c FTCD is the nontaxable amount.
t FF1 FTCX  013 2 Plus the amount on line 5b.
S ! 5b Taxable amt.! 5b!
C FTCX
c FTCX
^ 
S ~6a Agricultural program payments....! 6a!
T F6A
c FAPP is the nontaxable amount.
t FF1 FAPX  014 2 Plus the amount on line 6b.
S ! 6b Taxable amt.! 6b!
C FAPX
c FAPX
^
S ~7  Commodity Credit Corporation (CCC) loans:
R ~22
S !\\\!
R ~8
^ 
S ~~a CCC loans reported under election
R .30
S ! 7a!
C FCCC
c FCCC
^ 
S ~~b CCC loans forfeited or
R ~41
S !\\\!
R ~8
^ 
R ~4
S repaid with certificates
R .9
S ! 7b!
T F7B
c FCCF is the nontaxable amount.
t FF1 FCCX  018 2 Plus the amount on line 7c.
S ! 7c Taxable amt.! 7c!
C FCCX
c FCCX
^ 
S ~8  Crop insurance proceeds and certain disaster payments:
R ~9
S !\\\!
R ~8
^ 
S ~~a Amount received in~
D FTY
R .10
S ! 8a!
T F8A
c FCRP is the nontaxable amount.
t FF1 FCRX  020 2 Plus the amount on line 8b.
S ! 8b Taxable amt.! 8b!
C FCRX
c FCRX
^
S ~~c If election to defer to~
D FNY
S , check here > [
P ~
S ]
R ~17
S !\\\!
R ~8
^
R ~38
S 8d Amount deferred from~
D FLY
S .! 8d!
C FDEF
c FDEF
^ 
S ~9  Custom hire (machine work) income
R .30
S ! 9 !
C FCUS
c FCUS
^ 
S 10  Other income` including gasoline or fuel tax credit or refund..!10 !
C FOTH
c FOTH
^
S 11  GROSS INCOME. Add lines 3 through 10. If accrual method`
R ~7
S !\\\!
R ~8
^
R ~4
S enter the amount from page 2 line 51
R .27
S !11 !
T F11
t FF1 F51   080 1 Transferred from line 51 if Accrual method is selected above.
^
R -80
^ 
S PART II - FARM EXPENSES - CASH AND ACCURAL METHOD
R ~31
^
S 12 Car and truck expenses
R ~5
S !
R ~8
S ! 25 Pension and profit-sharing~!
R ~8
^
S ~~~Attach Form 4562
R .11
S !
C FCEX
c FCEX
S !
R ~4
S plans
R .22
S !
C FPEN
c FPEN
^
S 13 Chemicals
R .18
S !
C FCHM
c FCHM
S ! 26 Rent or lease
R ~14
S !
R ~8
^
S 14 Conservation expenses
R ~6
S !
R ~8
S !~~a Vehicles, machinery, and   !
R ~8
^
S ~~~Attach Form 8645
R .11
S !
C FCON
c FCON
S !
R ~4
S equipment
R .18
S !
C FRTM
c FRTM
^
S 15 Custom hire (machine work).!
C FCHE
c FCHE
S !~~b Other (land, animals, etc.)!
C FRTO
c FRTO
^
S 16 Depreciation and section~~~!
R ~8
S ! 27 Repairs and maintenance
R .4
S !
C FREP
c FREP
^
S ~~~179 expense deduction not  !
R ~8
S ! 28 Seeds and plants purchased.!
C FSED
c FSED
^
S ~~~claimed elsewhere
R .10
S !
C FDEP
c FDEP
S ! 29 Storage and warehousing
R .4
S !
C FSTR
c FSTR
^
S 17 Employee benefit programs~~!
R ~8
S ! 30 Supplies purchased
R .9
S !
C FSUP
c FSUP
^
S ~~~other than on line 25
R .6
S !
C FBEN
c FBEN
S ! 31 Taxes
R .22
S !
C FTAX
c FTAX
^
S 18 Feed purchased
R .13
S !
C FEED
c FEED
S ! 32 Utilities
R .18
S !
C FUTL
c FUTL
^
S 19 Fertilizers and lime
R .7
S !
C FFER
c FFER
S ! 33 Veterinary and breeding
R .4
S !
C FVET
c FVET
^
S 20 Freight and trucking
R .7
S !
C FFRG
c FFRG
S ! 34 Other expenses (specify):..!
R ~8
^
S 21 Gasoline, fuel, oil
R .8
S !
C FGFO
c FGFO
S !  a~
P ___________________________
S !
C FOTA
c FOTA
^
S 22 Insurance other than health!
C FINS
c FINS
S !  b~
P ___________________________
S !
C FOTB
c FOTB
^
S 23 Interest:
R ~18
S !
R ~8
S !  c~
P ___________________________
S !
C FOTC
c FOTC
^
S ~a Mortgage (paid to banks)...!
C FINM
c FINM
S !  d~
P ___________________________
S !
C FOTD
c FOTD
^
S ~b Other
R .22
S !
C FINO
c FINO
S !  e~
P ___________________________
S !
C FOTE
c FOTE
^
S 24 Labor hired less job credit!
C FLAB
c FLAB
S !  f~
P ___________________________
S !
C FOTF
c FOTF
^
R -80
^ 
S 35  TOTAL EXPENSES. Add lines 12 through 34f
R .23
S !35 !
T F35
^ 
S 36  NET FARM PROFIT OR (LOSS). Subtract line 35 from 11. Enter on~~!   !
R ~8
^
R ~4
S Form 1040` line 18 and Schedule SE` line 1
R .21
S !36 !
T F36
t FZ1 Z18   033 1 Transferred to Form 1040` line 18.
t FS1 S01   002 1 Transferred to Schedule SE, section A, line 1 if 'Yourself' selected above.
t FS1 SB1   023 1 Transferred to Schedule SE, section B, line 1 if 'Yourself' selected above.
t FS1 S01   002 1 One-half transferred to Schedule SE, section A, line 1 if
t FS1 S01   002 1     'Both' selected above.
t FS1 SB1   023 1 One-half transferred to Schedule SE, section B, line 1 if
t FS1 SB1   023 1     'Both' selected above.
t FS2 s01   002 1 Transferred to Schedule SE (spouse copy), section A, line 1 if
t FS2 s01   002 1     'Spouse' selected above.
t FS2 sB1   023 1 Transferred to Schedule SE (spouse copy), section B, line 1 if
t FS2 sB1   023 1     'Spouse' selected above.
t FS2 s01   002 1 One-half transferred to Schedule SE (spouse copy), section A, line 1 if
t FS2 s01   002 1     'Both' selected above.
t FS2 sB1   023 1 One-half transferred to Schedule SE (spouse copy), section B, line 1 if
t FS2 sB1   023 1     'Both' selected above.
t FV1 VW2A6 062 2 Transferred to Form 8582, Worksheet 2 if positive
t FV1 VW2A6 062 2   and you did not 'materially participated' in the operation of this business.
t FV1 VW2B6 062 3 Transferred to Form 8582, Worksheet 2 if negative
t FV1 VW2B6 062 3   and you did not 'materially participated' in the operation of this business.
^
S 37  If you have a loss` check box that describes investment.~~~[
P ~
Q 'A' = All at risk` 'S' = Some not at risk` or ' ' = blank.
S ]~37a All at~~~
^
R ~4
S If you checked 37a` enter loss on Form 1040` line 18` and
R ~10
S risk.
R ~4
^
R ~6
S Schedule SE` line 1 (statutory employees` see page C-5).
R ~5
S 37b Some not~
^
R ~4
S If you checked 37b` you MUST attach Form 6198.
R ~21
S at risk.~
^
F
^
S PART III - FARM INCOME - ACCRUAL METHOD
R ~41
^
S 38  Sales of livestock` produce` grains and other products
R .9
S !38 !
C FLIV
c FLIV
^ 
S 39a Total cooperative distributions.!39a!
T F5A
c FTCD is the nontaxable amount.
t FF1 FTCX  013 2 Plus the amount on line 39b.
S ! 39b Taxable amt.!39b!
C FTCX
c FTCX
^ 
S 40a Agricultural program payments...!40a!
T F6A
c FAPP is the nontaxable amount.
t FF1 FAPX  014 2 Plus the amount on line 40b.
S ! 40b Taxable amt.!40b!
C FAPX
c FAPX
^
S 41  Commodity Credit Corporation (CCC) loans:
R ~22
S !\\\!
R ~8
^ 
S ~~a CCC loans reported under election
R .30
S !41a!
C FCCC
c FCCC
^ 
S ~~b CCC loans forfeited or
R ~41
S !\\\!
R ~8
^
R ~4
S repaid with certificates
R .8
S !41b!
T F7B
c FCCF is the nontaxable amount.
t FF1 FCCX  018 2 Plus the amount on line 41b.
S ! 41c Taxable amt.!41c!
C FCCX
c FCCX
^ 
S 42  Crop insurance proceeds
R .40
S !42 !
C FCRP
c FCRP
^
S 43  Custom hire (machine work) income
R .30
S !43 !
C FCUS
c FCUS
^ 
S 44  Other income` including gasoline or fuel tax credit or refund..!44 !
C FOTH
c FOTH
^ 
S 45  Add amounts in the right column for lines 38 through 44
R .8
S !45 !
T F45
^ 
S 46  Inventory of livestock` produce` grains` and
R ~6
S !   !
R ~8
S !\\\!
R ~8
^ 
R ~4
S other products at beginning of year
R .15
S !46 !
C FINB
c FINB
S !\\\!
R ~8
^
S 47  Cost of livestock` produce` grains` and other
R ~5
S !   !
R ~8
S !\\\!
R ~8
^ 
R ~4
S products purchased during the year
R .16
S !47 !
C FCSP
c FCSP
S !\\\!
R ~8
^
S 48  Add lines 46 and 47
R .31
S !48 !
T F48
S !\\\!
R ~8
^
S 49  Inventory of livestock` produce` grains` and
R ~6
S !   !
R ~8
S !\\\!
R ~8
^ 
R ~4
S other products at end of year
R .21
S !49 !
C FINE
c FINE
S !\\\!
R ~8
^
S 50  Cost of livestock` produce` grains` and other products sold.   !\\\!
R ~8
^ 
R ~4
S Subtract line 49 from 48*
R .38
S !50 !
T F50
^ 
S 51  Gross income. Subtract line 50 from 45. Enter the result on
R ~4
S !\\\!
R ~8
^
R ~4
S page 1` line 11.
R ~47
S !51 !
T F51
t FF1 F11   026 1 Transferred to line 11 if Accrual method is selected above.
^
R ~80
^ 
S * If you use the unit-livestock-price method or the farm-price method of
R ~8
^
S ~~valuing inventory and the amount on line 49 is larger than the amount on
R ~6
^
S ~~line 48` subtract line 48 from line 49. Enter the result on line 50.
R ~10
^
S ~~Add lines 45 and 50. Enter the total on line 51.
R ~30
^
R ~80
^
S ~~Check here if you use the unit-livestock-price or the farm-price method. [
X F2 `~`X
Q 'X' or ' '.
S ]~~
^
|