This course contains both English and Spanish content.
Income received from the operation of a farm or from rental income from a farm is taxable. Farmers determine their taxable income from farming and related activities by using Schedule F. Profit or loss from farm income is first reported on Schedule F and then “flows” to Form 1040, Schedule 1, line 6. This course covers basic farm income and expenses.
At the end of this lesson, the student will:
- Understand basic farm income.
- Know when a taxpayer should file Schedule F.
- Realize that breeding and selling livestock could include domestic animals.
Learn at your own pace, read or watch the lessons, pass the exams.
Learn on your phone, tablet, or computer.
All our courses are available in English y español.
No matter where you’re at in your career, we have courses for you.
Simple Learner Experiences
Prendo365 gives you access to your course anytime, anywhere, on desktop, tablet, or mobile device. You're able to easily navigate through your course and receive your certificate of completion.
Why choose us
Over 35+ years tax preparation experience
We know what tax preparers need to succeed in their office
7+ EA’s and tax preparers on staff
Our team does extensive research to ensure you receive the best education
Bilingual live support
Having technical issues? We're ready to help you get started and complete your course.