dianej55
Level 1
02-20-2023
09:13 PM
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Right, the return would not change, but I am not including the Sch F in current year so just asking as I've never come up against this.
You can populate the form and it's allowing e-filing and including the Sch F with all the other forms. I've done a 'test' return and it does include the Sch F. Under income, under farm income and expenses, input the fields and there it is. Redundant as the Sch F mimics the 1120S. Also included in the forms to file when you file.
Main concern is an audit, with equestrian businesses we need to keep good records and know what we are reporting so do I amend without the Sch F or just cross my fingers.