1040 Schedule F - Money Matters - Shroomery Message Board

Shroomery - Magic Mushrooms Demystified

Home | Community | Message Board

You are not signed in.

New Account

FAQ

Chat

Store

Random

Community >> Money Matters

Welcome to the Shroomery Message Board! Please

login or

register to post messages and view our members-only content. You'll gain access to additional forums, encrypted messages, file attachments, board customizations, and much more!

Pages: 1

UrbanFungi
Stranger

Registered: 12/23/07
Posts: 51

1040 Schedule F
#8273859 - 04/12/08 01:29 PM (7 months, 19 days ago)

I didn't file any thing this year for self employment or farm income because I didn't turn a profit. I was playing around with TurboTax for next years taxes, hoping to get a estimate how much I should have reserved for self-employment tax. I am running a small mushroom farm out of the garage of my rental. In 2008 I've went to the state and become a single owner LLC. I am wondering, will I need to file a schedule F next year and will my landlord have to file a schedule F for farm rental income?

Edited by UrbanFungi (04/12/08 04:49 PM)

Post Extras:

debianlinux
Myconerd - DBK

Registered: 12/09/02
Posts: 7,937
Loc: Over There
Last seen: 4 hours, 10 minutes

Re: 1040 Schedule F [Re: UrbanFungi]
#8281565 - 04/14/08 10:24 AM (7 months, 17 days ago)

I, too, run a small commercial gourmet outfit. I sell primarily to local restaurants and the Farmer's Market.

I also use TurboTax to assist in preparing my tax return.

I have previously filed the Schedule F however, this year I omitted the form. My business income and expenses are detailed but I did not specify my business as a farm. I started to but it didn't seem right to duplicate the entry. I hope I made the right decision.

Post Extras:

Jump to top.

Pages: 1

Community >> Money Matters

Similar Threads	Poster	Views	Replies	Last post
Growing Gourmet Mushrooms For Money?	GlassOnion	874	8	07/18/08 11:10 AM by falcon
Accounting Software	KillerPicklez	532	14	01/20/08 04:40 PM by Liquidkick
filing taxes online.	Banez	477	12	01/22/07 10:36 PM by Banez
HOLY SHIT my taxes were easy!	NewbieShroomie	306	6	01/25/08 06:12 AM by rawtoxic
Child Tax Credit Question?	zyxwvutsr	267	3	01/22/08 06:28 PM by Veritas
I got back 3x the amount I expected from federal tax return... wtf?	kotik	356	4	04/04/08 11:02 AM by kotik
credit history	mayfly	631	7	04/30/08 12:19 AM by meams
STOCKS - A Beginner's Guide & Running Record ( 1 2 3 4 ... 20 21 all )	geokills	18,063	403	12/04/08 12:53 PM by geokills

Extra information

You cannot start new topics / You cannot reply to topics
HTML is disabled / UBBCode is enabled
Moderator: Wiccan_Seeker, Capatalistc nomad, automan
239 topic views. 0 registered and 0 anonymous users are browsing this forum.
[ Toggle Favorite | Print Topic ]

del.icio.us

digg

Furl

MyWeb

StumbleUpon