Instructions For Schedule F (Page 17 of 20) in pdf

Instructions For Schedule F Page 17

Excess Farm Loss Worksheet 3 (Continued)

21. Enter your combined net gain/loss from the sale of farming business property

reported on your 2013 Form 4797 and Form 8949. If zero or less,

enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

21.

22. Enter the amount from your 2012 Schedule(s) F (Form 1040),

line 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

22.

23. Enter the amount from your 2012 Schedule(s) E (Form 1040),

line 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

23.

24. Enter your combined net gain/loss from the sale of farming business property

reported on your 2012 Form 4797 and Schedule D (Form 1040). If zero or

less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

24.

25. Enter the amount from your 2011 Schedule(s) F (Form 1040),

line 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

25.

26. Enter the amount from your 2011 Schedule(s) E (Form 1040),

line 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

26.

27. Enter your combined net gain/loss from the sale of farming business property

reported on your 2011 Form 4797 and Schedule D (Form 1040). If zero or

less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

27.

28. Combine lines 13 through 27. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

28.

29. Enter the greater of line 28 or $300,000 ($150,000 if married filing separately) . . . . . . . . . . . . . . . . . . . . . .

29.

30. Add lines 12 and 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

30.

31. Excess farm loss. Subtract line 3 from line 30. If zero or less, you have an excess farm loss that reduces the

amount of loss you can deduct this year. If you have more than one farming business with an overall loss this

year, allocate the excess farm loss amount on a pro rata basis among those farming businesses . . . . . . . . . . . .

31.

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Instructions For Schedule F Page 17