The Mary Gold case study describes how a young person may return to the commodity family farm and begin a farming operation with mom's and dad's help. The sample income tax return provides a model, using the case study facts, of how a young, beginning farmer's income tax return should be.
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.
|Explanations||Forms||Name of Form|
|Form 1040||Form 1040||U.S. Individual Income Tax Return|
|Schedule F||Schedule F||Profit or Loss From Farming|
|Schedule SE||Schedule SE||Self-Employment Tax|
|Form 8863||Form 8863
|Form 4562||Form 4562||Depreciation and Amortization|