Screen F - Farm General and Income (1041)

General Information

State
Enter the postal code for the activity’s income to be state source. If you leave this field blank, the activity’s income is not state source.
Material participation in the operation of this business this year
By default, activities without material participation are passive activities. You can change the default in the
Passive activity code
field on the F-2 screen.
Disposition of activity
Enter a code in the Disposition of activity field to indicate how an activity is disposed.

Income

Crop insurance proceeds and federal disaster payments: Taxable proceeds
If you enter an amount in the
Crop insurance proceeds and federal disaster payments: Total proceeds
field, the same amount also appears in this field. You can enter a different amount, including
0
(zero), if applicable.
Crop insurance proceeds and federal disaster payments: Total proceeds
Crop insurance proceeds for this activity combines with entries on the 1099M screen in the Farm folder.
Other income (including gas or fuel tax credit or refund)
Other income for this activity combines with entries on the 1099M screen in the Farm folder.
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