SCHEDULE F
OMB No. 1545-0074
Profit or Loss From Farming
2012
(Form 1040)
Attach to Form 1040, Form 1040NR, Form 1041, Form 1065, or Form 1065-B.
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Attachment
Department of the Treasury
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Information about Schedule F and its separate instructions is at
Sequence No.
Internal Revenue Service (99)
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Social security number (SSN)
Name of proprietor
A Principal crop or activity
B Enter code from Part IV
C Accounting method:
D Employer ID number (EIN), (see instr)
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Cash
Accrual
E Did you “materially participate” in the operation of this business during 2012? If “No,” see instructions for limit on passive losses
Yes
No
F Did you make any payments in 2012 that would require you to file Form(s) 1099 (see instructions)
Yes
No
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G If “Yes,” did you or will you file required Forms 1099? .
Yes
No
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Part I
Farm Income—Cash Method. Complete Parts I and II (Accrual method. Complete Parts II and III, and Part I, line 9.)
1a
1a
Sales of livestock and other resale items (see instructions) .
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b
Cost or other basis of livestock or other items reported on line 1a .
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1b
c
Subtract line 1b from line 1a .
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1c
2
2
Sales of livestock, produce, grains, and other products you raised
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3a
Cooperative distributions (Form(s) 1099-PATR)
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3a
3b Taxable amount
3b
4a
Agricultural program payments (see instructions)
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4a
4b Taxable amount
4b
5a
5a
Commodity Credit Corporation (CCC) loans reported under election .
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b
CCC loans forfeited
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5b
5c
Taxable amount
5c
6
Crop insurance proceeds and federal crop disaster payments (see instructions)
a
Amount received in 2012
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6a
6b Taxable amount
6b
c
6d
6d
If election to defer to 2013 is attached, check here
Amount deferred from 2011
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Custom hire (machine work) income
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7
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Other income (see instructions) .
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8
9
Gross income. Add amounts in the right column (lines 1c, 2, 3b, 4b, 5a, 5c, 6b, 6d, 7, and 8). If you use the
accrual method, enter the amount from Part III, line 50 (see instructions) .
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9
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Part II
Farm Expenses—Cash and Accrual Method. Do not include personal or living expenses (see instructions).
23
23
Pension and profit-sharing plans
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Car
and
truck
expenses
(see
instructions). Also attach Form 4562
10
24
Rent or lease (see instructions):
11
Chemicals .
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11
a
Vehicles, machinery, equipment
24a
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Conservation expenses (see instructions)
12
b
Other (land, animals, etc.)
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24b
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13
25
25
Custom hire (machine work) .
Repairs and maintenance
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26
Seeds and plants .
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26
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Depreciation and section 179
expense (see instructions)
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27
Storage and warehousing
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27
28
28
Supplies
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Employee
benefit
programs
other than on line 23 .
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29
Taxes .
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29
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Feed
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30
Utilities .
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30
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17
31
31
Fertilizers and lime
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Veterinary, breeding, and medicine
18
Freight and trucking .
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18
32
Other expenses (specify):
19
Gasoline, fuel, and oil .
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19
a
32a
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20
b
32b
Insurance (other than health)
21
c
32c
Interest:
a
Mortgage (paid to banks, etc.)
21a
d
32d
b
Other
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21b
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32e
22
32f
22
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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
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34
Net farm profit or (loss). Subtract line 33 from line 9
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34
If a profit, stop here and see instructions for where to report. If a loss, complete lines 35 and 36.
35
Did you receive an applicable subsidy in 2012? (see instructions) .
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Yes
No
36
Check the box that describes your investment in this activity and see instructions for where to report your loss.
a
b
All investment is at risk.
Some investment is not at risk.
For Paperwork Reduction Act Notice, see your tax return instructions.
Schedule F (Form 1040) 2012
Cat. No. 11346H