Sample Tax Return - Northeast Family Dairy Farm

This return is for a small Northeast family dairy farm.  The 2011 income is higher than in the past and the taxpayer is able to reduce the tax liability by using farm income averaging.

The information on these forms and explanations is not from any actual farming operation. However, this sample return uses actual 2011 Income Tax forms to show you how to prepare your income tax return.


Full Files:

Sample 2011 Farm Income Tax Return

Explanation of Sample 2011 Farm Income Tax Return


Explanations Forms Name of Form
Schedule F  Schedule F  Profit or Loss From Farming
Schedule A Itemized Deductions
Form 4562  Form 4562 Depreciation and Amortization

Schedule SE 

Schedule SE  Self-Employment Tax
Form 4684

Form 4684

Casualties and Thefts
Form 4797 Form 4797 Sales of Business Property
Form 8949 Form 8949 Sales and Other Disposition of Capital Assets
Schedule D

Schedule D

Capital Gains and Losses
Form 8903 Form 8903 Domestic Production Activities Deduction
Form 1040 Form 1040 U.S. Individual Income Tax Return
Schedule J Schedule J Income Averaging for Farmers and Fishermen
  Form 4136 Credit for Federal Tax Paid on Fuels
Completing the Return  Payment Voucher