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 Schedule F Form 1040 Profit or Loss from Farming 2024-2025

Schedule F' 2024-2025 Form

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[Music] [Music] my name is Donald green I am the executive director of Mississippi Delta Council for Farm Workers Opportunities Incorporated today we're here to talk to you about a very important form a very important part of your business operation that is schedule F okay before we get started in the detail about the schedule FS let me explain to you what a schedule F is a schedule F is a profit and loss from your farming operation if you have a farm and if you are doing farming yourself on your farm you need to file a Schedule a it is important document it's only not only important but it's a required document to go into your IRS filing 1040 form the IRS requires it the State Tax Commission requires it and the USDA requires it if you um uh apply for loans grants and other services that they may have you have to file that schedule F in order to become a registered Farmer in the state of Mississippi or anywhere in the country all right let's start with the details of th

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