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Form 1040 (Schedule F) UT: What You Should Know
If Form 1040, Profit or Loss From Farming, is currently on the filed list in Federal government system, or if the form is not on the filed list, you must file a “new” Schedule F within 60 days. This allows time for the forms to be added to the current System. If the form is on the filed list, then the taxpayer must file the new form within 180 days from the date it was first filed with the Federal government. Farming is a hobby, not just for millionaires. Learn all about farming, farming jobs, and how to become involved in a profitable farming business.
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