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.
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"The practice tax returns were helpful to understand the chapter better and practice doing a return"
Cathy - Washington
"Course was convenient on mobile so I could read and take a quiz when I had downtime outside of my house"
Marvin - California
"Best part are the videos so I can listen to the material while doing housework and watching my kid"
Sandra - New York
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
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This course is self study which means you take it at your own pace! Some courses do have deadlines, make sure to read the descriptions to know of any deadlines.
If you want to change your English course to a bilingual course or vice versa, you need to contact us and we’ll make the switch. *please note, if you decide to switch language you will lose your progress.
Students have the right to request a full refund of their purchase excluding taxes and shipping (if applicable) within seven (7) days of the purchase date if unsatisfied with the online course material. A request made after seven (7) days but no more than 30 days with 0% coursework completed will result in a store credit. If a textbook was purchased with the internet-based course, a refund will only be issued after the original textbook(s) have been received in a re-sellable condition. If the textbook is not shipped back only partial credit will be refunded. Any other requests outside of this policy will be denied. The request must be made in writing and sent to firstname.lastname@example.org.
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Yes, we are IRS, CTEC, and NASBA approved continuing education providers.
Looking for a new career? We recommend you start with our Tax Preparation course or the CTEC 60 hour course if you are from California.
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