You work the land. We'll work the books.
KiwiBooks tracks crop income, livestock sales, fuel, equipment, and operating expenses, then keeps your Schedule F tax-ready all year.
Built for every way farms and ranches generate income.
- Crop and grain sales
- Livestock and poultry sales
- Government payments (CRP, ARC, PLC)
- Fuel, seed, feed, and fertilizer
- Equipment and machinery
Reports to IRS Schedule F.
Farmer questions.
What tax form do farmers file?
Farmers and ranchers who operate as sole proprietors report farm income and expenses on Schedule F, which is filed with their Form 1040. Schedule F covers crop sales, livestock income, government program payments, and all operating expenses from seed to fuel to hired labor. KiwiBooks maps every transaction to Schedule F automatically.
What can farmers deduct on their taxes?
Farm deductions include seed, fertilizer, pesticides, feed, fuel, repairs and maintenance, hired labor, equipment depreciation, farm insurance, utilities for farm buildings, interest on farm loans, and more. KiwiBooks categorizes all farm expenses as they occur so you never miss a deduction.
Do farmers have to pay quarterly estimated taxes?
Special estimated-tax rules may apply if farming or fishing accounts for at least two-thirds of your gross income in the current or prior tax year. Qualifying taxpayers can generally make one required estimated payment by January 15, or file and pay all tax due by March 1. Weekend, holiday, and relief rules can change these dates. Check IRS Topic 416 and confirm your payment with your tax preparer.
Can I deduct farm equipment purchases?
Yes. Most farm equipment qualifies for Section 179, which lets you deduct the full purchase price in the year you bought it instead of depreciating it over time. This can significantly reduce your taxable farm income. In KiwiBooks you record the equipment as an asset and choose Section 179 as its method.
Run the farm. We'll run the numbers.
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