Schedule F

Profit or Loss From Farming (Form 1040)

Directory entry. Title and current location confirmed on irs.gov on 21 August 2026; the linked page is authoritative for the current revision and instructions. Gross income of a farmer is defined by Treas. Reg. § 1.61-4, under which the whole proceeds of raised livestock are income because their costs were already deducted, while only the profit on purchased livestock is.