Schedule F Farm Income Calculator

Calculate monthly qualifying income from farm operations reported on IRS Schedule F (Form 1040). Add back non-cash expenses and apply standard averaging policy.

Upload Schedule F

Upload IRS Schedule F pages to auto-fill fields. Upload one per tax year (max 2).

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Farm Income Policy

Farm income from Schedule F is calculated by starting with net profit or loss, adding back non-cash expenses (depreciation, amortization, casualty loss, depletion, business use of home), including ongoing cooperative and CCC payments, and subtracting the non-deductible portion of meals and entertainment. If two years are provided and Year 1 exceeds Year 2, income is averaged over 24 months. Otherwise, only the most recent year is used.

Farm Income

Enter line items from Schedule F. Positive values are added; negative values reduce income.

Description Sign Year 1 (Most Recent) Year 2 (Prior)
Net Profit or Loss +/−
Ongoing Coop & CCC Payments +
Other Income or Loss (non-recurring) +/−
Depreciation +
Amortization / Casualty Loss / Depletion +
Business Use of Home +
Meal & Entertainment Exclusion −

Results

Year 1 Total
$0.00
Year 2 Total
$0.00
Monthly Qualifying Income
$0.00
Schedule F Guidelines

Schedule F (Form 1040) reports profit or loss from farming operations. Qualifying income includes net farm profit with add-backs for non-cash expenses such as depreciation, amortization, casualty loss, and depletion. Ongoing cooperative and CCC payments are included. Business use of home is added back, while the non-deductible portion of meals and entertainment is subtracted. Standard averaging policy applies when two years of returns are available.