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Common questions about Corporate Farm Activities in ProConnect Tax

by Intuit• Updated 10 months ago

Common questions about entering farm income and expenses:

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

ProConnect Tax

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