Individuals, partnerships, S corporations, etc. in the business of farming report farm income on Schedule F (Form 1040 or 1040-SR). To claim the QBI Deduction for Farm Income, go to:
- Federal Section
- Income (Select my forms)
- Profit or Loss from Farming - Reported on Schedule F
How is my QBID calculated?
Enter your farming information and complete the Qualified Business Income questions. The program will automatically calculate the QBI deduction based on your entries.