Farm Income (Schedule F/form 4835)
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1Client Name ___________________________________ Client # ____________
2016
1040
US
Farm Income (Schedule F / Form 4835)
19
No.
(40)
Principal product
800
(10)
Employer ID number
801
GENERAL INFORMATION
ST Src
Agricultural activity code
1
Accounting method: 1=cash, 2=accrual
2
1=spouse, 2=joint
5
1=farm rental (Form 4835)
84
(19)
Type of rental property (Form 4835) (see table)
966
1=farm rental not qualifying for inc. averaging
21
1=qualified farmer filing by March 1, 2017
26
1=crop insurance proceeds election
64
Received an applicable subsidy this year: 1=yes, 2=no
18
If required to file Form(s) 1099, did you
1=yes, 2=no
112
or will you file all required Form(s) 1099:
1=did not "materially participate" (Sch. F only)
65
1=did not actively participate (4835 only)
85
1=subject to net investment income tax,
(4835 only) [O]
968
2=not subject to net investment income tax
1=real estate professional and this activity is a trade or business,
3
2=real estate professional and not a trade or business (4835 only)
MFS community property: 1=taxpayer's business 2= spouse's business
54
1=non-community property (MFS vs. MFJ)
78
1=single member LLC
418
1=exclude from SE retirement plan deduction
62
Percentage of ownership if not 100% (.xxxx) (4835 only)
504
Percentage of source income (.xxxx or 1=100%) (PY/NR) [O]
503
Number of significant participation hours
88
Amount at risk (blank=all)
4
Deductible gain (loss) (-1 if none) [O]
68
1=loss limited by excess farm loss rules
122
State deductible gain (loss) (-1 if none) [O]
81
1=delete this year, 2=delete next year
100
FARM INCOME
Sales of livestock and other resale items
6
Cash
Cost or basis of livestock or other resale items
7
Method
Sales of products raised
8
Sales of livestock, produce, etc.
17
Accrual
Beginning inventory of livestock, etc.
23
Method
Cost of livestock, etc. purchased
24
Ending inventory of livestock, etc.
25
Total cooperative distributions
9
Taxable cooperative distributions
10
Total agricultural program payments (other than CRP) [O]
11
Taxable agricultural program payments (other than CRP) [O]
12
Total conservation reserve program payments [O]
141
Taxable conservation reserve program payments [O]
142
Conservation reserve payments not subject to SE tax
182
Commodity credit loans reported under election
13
Total commodity credit loans forfeited or repaid
73
Taxable commodity credit loans forfeited/repaid
74
Total crop insurance proceeds received in 2016
14
Taxable crop insurance proceeds received in 2016
75
Taxable crop insurance proceeds deferred from 2015
76
Custom hire (machine work) income
15
Hash Total
19
LACERTE Software
Farm Income (Schedule F / Form 4835)
Series: 54
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