Schedule F (Form 1040) Profit or Loss From Farming 2005. Summary: This is an example of Schedule F, Form 1040, with items included as described in the text. Additionally, these line
items were filled
out:
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“Name of proprietor” field contains WALTER A. BROWN
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“Social Security Number” field contains 543-00-2111
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“A. Principal product. Describe in one or two words your principal crop or activity for the current tax year.” field contains
MILK
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“C. Accounting Method: (1) Cash” checkbox checked
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“D. Employer Identification Number, if any” field contains 10-9876543
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“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
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“Line 35. Total expenses. Add lines 12 through 34f” field contains 165,970
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