Sample Tax Returns

    Sample Tax Returns

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

    Click on the links below to get to the returns.

    Small Northeast Family 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
    Introduction    
    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