How do I claim QBID for my Farm income?

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:

  1. Federal Section
  2. Income
  3. Profit or Loss from Farming    

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. 

Additional Information: 

Schedule F Instructions

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