I have a client who has had a farm for the last 4 years.   There has been 4 consecutive Losses in a row.  He still has cows that are not fully deprecated yet.  There was no income this year at all.  Should I mark on the Schedule F that some investments is not at risk, so this loss is not recorded for this year?   If so, will that loss move to next year's as a carryover with hopes he will have income coming in?