SCHEDULE F
(Form 1040)
Department of the Treasury
Internal Revenue Service (99)
Profit or Loss From Farming
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Attach to Form 1040, Form 1040NR, Form 1041, Form 1065, or Form 1065-B.
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Information about Schedule F and its separate instructions is at www.irs.gov/schedulef.
OMB No. 1545-0074
2014
Attachment
Sequence No. 14
Name of proprietor Social security number (SSN)
A Principal crop or activity B Enter code from Part IV
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C Accounting method:
Cash Accrual
D
Employer ID number (EIN), (see instr)
E Did you “materially participate” in the operation of this business during 2014? If “No,” see instructions for limit on passive losses Yes No
F
Did you make any payments in 2014 that would require you to file Form(s) 1099 (see instructions)? . . . . . . . . . Yes No
G
If “Yes,” did you or will you file required Forms 1099? . . . . . . . . . . . . . . . . . . . . . . Yes No
Part I
Farm Income—Cash Method. Complete Parts I and II (Accrual method. Complete Parts II and III, and Part I, line 9.)
1a Sales of livestock and other resale items (see instructions) . . . . . . 1a
b Cost or other basis of livestock or other items reported on line 1a . . . .
1b
c Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . . . 1c
2 Sales of livestock, produce, grains, and other products you raised . . . . . . . . . . . . 2
3a Cooperative distributions (Form(s) 1099-PATR) . 3a 3b Taxable amount 3b
4a Agricultural program payments
(see instructions)
. 4a 4b Taxable amount 4b
5a Commodity Credit Corporation (CCC) loans reported under election . . . . . . . . . . . . 5a
b CCC loans forfeited . . . . . . . . . 5b 5c Taxable amount 5c
6 Crop insurance proceeds and federal crop disaster payments (see instructions)
a Amount received in 2014 . . . . . . . 6a 6b Taxable amount 6b
c If election to defer to 2015 is attached, check here
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6d Amount deferred from 2013 6d
7 Custom hire (machine work) income . . . . . . . . . . . . . . . . . . . . . 7
8 Other income, including federal and state gasoline or fuel tax credit or refund
(see instructions) . . . . 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
Part II
Farm Expenses—Cash and Accrual Method. Do not include personal or living expenses (see instructions).
10
Car and truck expenses (see
instructions). Also attach Form 4562
10
11 Chemicals . . . . . . 11
12
Conservation expenses (see instructions)
12
13 Custom hire (machine work) . 13
14
Depreciation and section 179
expense (see instructions) . 14
15
Employee benefit programs
other than on line 23 . . . 15
16 Feed . . . . . . . 16
17 Fertilizers and lime . . . 17
18 Freight and trucking . . . 18
19 Gasoline, fuel, and oil . . . 19
20 Insurance (other than health) 20
21 Interest:
a Mortgage (paid to banks, etc.) 21a
b Other . . . . . . . 21b
22
Labor hired (less employment credits)
22
23 Pension and profit-sharing plans 23
24 Rent or lease (see instructions):
a Vehicles, machinery, equipment 24a
b Other (land, animals, etc.) . . 24b
25 Repairs and maintenance . . 25
26 Seeds and plants . . . . . 26
27 Storage and warehousing . . 27
28 Supplies . . . . . . . 28
29 Taxes . . . . . . . . 29
30 Utilities . . . . . . . . 30
31
Veterinary, breeding, and medicine
31
32 Other expenses (specify):
a 32a
b 32b
c 32c
d 32d
e 32e
f
32f
33 Total expenses. Add lines 10 through 32f. If line 32f is negative, see instructions . . . . . . .
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33
34
Net farm profit or (loss). Subtract line 33 from line 9 . . . . . . . . . . . . . . . .
If a profit, stop here and see instructions for where to report. If a loss, complete lines 35 and 36.
34
35 Did you receive an applicable subsidy in 2014? (see instructions) . . . . . . . . . . . . . . . . . Yes No
36 Check the box that describes your investment in this activity and see instructions for where to report your loss.
a
All investment is at risk. b Some investment is not at risk.
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11346H
Schedule F (Form 1040) 2014