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1099-G from USDA

Forum|Forum|4 years ago
February 5, 2022
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I received a 1099-G from USDA for a payment under a conservation program. The 1099-G shows the payment in box 6 as a Taxable grant. When I try to enter it in Turbotax for my schedule F it does not have a blank for box 6?

I appreciate that I could enter the 1099-G in the section for personal income but the proper place would be for the farm schedule F and I do not want to enter it as personal to decrease my schedule F income. How do I enter it?

thanks

TurboTax Home & Biz Windows

Best answer by DawnC

Sorry I am dense- the area you marked is for Crop Insurance proceeds which does not apply to me.

My two 1099-G are for a taxable grant and a (box 6 on the 1099-G) and the other is ag payments (box 7)?

If I enter them in 4a as not from 1099's and 4b the total taxable how does IRS tie it to the 1099's USDA reported?

Thanks

They don't match them up form by form, box to box. They are looking at totals. As long as you report all of your income on your return, you have nothing to be concerned about.

The only place to enter an amount for Box 6 is in the personal income section. If entered there, the taxable income goes on your return in the Other Income section. All of the farm expenses related to the income will still be deducted on your Schedule F. So, you are not losing out on any deductions by reporting the income in Box 6 in the personal section. The box 7 income can be reported in the Farm Income section. But the box 6 government income is reported with your personal income. You can enter the income from Box 6 using Forms Mode as described above - the tax will work out the same, but the descriptions as you see, won't match up perfectly.

E

ErnieS0

Since you are using TurboTax Home & Business CD/Download, enter your conservation program payments using Forms mode.

Click on Forms in the upper right next to Flags and Notifications
Click on Schedule F in the left column
In the big window, scroll down to Part 1, line 4a
Enter the amount on line 4a and the taxable amount on line 4b
Click on Step-by-Step in the upper right (where Forms use to be) to return to the interview mode

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G

GbradAuthor

Thanks

I tried it and it won't allow me to enter a number in 4a unless I right click and select override and then when I enter the number it is in red- what am I doing wrong?