Tax Preparation Help  
Publication 225, Farmer's Tax Guide 2006 Tax Year

This is archived information that pertains only to the 2006 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Schedule F (1040) Profit or Loss From Farming 2006. Summary: This is an example of Schedule F (1040), with items included as described in the text. Additionally, these line items were filled out:

Name of proprietor” field contains WALTER A. BROWN
Social Security Number” field contains 543-00-2111
A. Principal product. Describe in one or two words your principal crop or activity for the current tax year.” field contains MILK
C. Accounting Method: (1) Cash” checkbox checked
D. Employer Identification Number, if any” field contains 10-9876543
E. Did you materially participate in the operation of this business during 2004? If No, see page F-2 for limit on passive losses.” Yes checkbox checked
Line 35. Total expenses. Add lines 12 through 34f” field contains 165,970

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