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April 13, 2025
Question

what taxes do I include in schedule F line 29?

  • April 13, 2025
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    April 13, 2025

    For Schedule F, Line 29 (see page 9), you can include various taxes paid related to your farming business. Here’s a clear and concise list of the taxes you can deduct:

    Farmers may report and deduct various taxes paid on Line 29, Schedule F. Some deductible tax obligations include:

    • Real estate and personal property taxes on farm business assets.
    • Social security and Medicare taxes you paid to match what you are required to withhold from farm employees' wages
    • Federal unemployment tax
    • Federal highway use tax.
    • Contributions to a state unemployment insurance fund or disability benefit fund if they're considered taxes under state law.

     

    For more detailed guidance, you can refer to TurboTax’s help article on Schedule F

    Additionally, the IRS provides instructions for Schedule F, which you can find here