Why are agricultural program payments received on a form 1099-G added to farm expenses on the Income Summary page? They should be subtracted to result in net income.

Forum|Forum|1 year ago
March 21, 2025
1 reply
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Under Business Items, Farm Income and Farm Rental, the Farm Rentals Summary page subtracts expenses from the agricultural program payments to provide the net income (as expected). However, this net income value is not what is posted on the Income Summary page for Farm Income and Farm Rental. The value listed on the Income Summary page for Farm Income and Farm Rental is the sum of the agricultural program payments and the expenses.

TurboTax Online

PatriciaV

Employee

The Income Summary page is not always a reflection of your actual return. As long as the individual categories have been entered correctly, your final return should be correct. You can confirm this by reviewing Schedule F and Form 4835.

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Nadine B

Where do I enter 1099-G Box 6 taxable payments for a Farm?

DianeW777

This income will be reported as other common income using the steps below.

Open your TurboTax return > Select Income and Expenses > Scroll to Other Common Income > Select Other 1099-G Income > Start or Revisit
Select 'Yes' for 'Did you receive any of these payments on Form 1099-G? > Continue > Verify your name and address > Continue
Select the 'Type of Payment' you received > Continue > Complete your 1099-G and be sure to enter the amount in Box 6.
This income will show up on Line 8z, Schedule 1. You can preview your tax form using the steps below.