Farm Business/Schedule F Checklist
Farm income with the following breakdown:
Cost or basis of livestock and other products sold above
A list of all ordinary and necessary expenses related to your farming business by category
Assets and equipment purchased during the tax year for your farming business with the following information:
Did you sell/trade in/take out of service and equipment during the tax year? We need to know the details.
For farming vehicles, we will need the following information:
YOU NEED TO KEEP EVIDENCE TO SUPPORT YOUR MILEAGE IN CASE OF AUDIT (LOG BOOK, CALENDAR)