Common questions about Corporate Farm Activities in ProConnect Tax

Table of contents:

Allocate farm income on a multi-state return

1. Go to Input Return ⮕ Income ⮕ Farm Activities.
2. Scroll down to State Amounts.

Enter preproductive expenses for farm worksheets

1. Go to Input Return ⮕ Income ⮕ Farm Activities.
2. Scroll down to Other Farm Expenses.
3. Select the Other input box to expand.
4. Enter the description and full amount of preproductive expenses and select OK.
5. Scroll down to the Preproductive Period Expenses (also enter above) section.
6. Enter the preproductive period expenses that the corporation capitalized. 

Carry depreciation/amortization to farm worksheets

1. Go to Input Return ⮕ Income ⮕ Deductions ⮕ Depreciation.
2. Select 4=Farm activity for the Form. 
3. Select the appropriate Activity Name or Number

Related topics:

• Entering Section 179 Carryover in the Corporate Module of ProConnect