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.
|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|