Schedule F (1040) Profit or Loss From Farming 2007

Summary: This is an example of Schedule F (1040), with items included as described in the text. Additionally, these line items were filled out:

Name of proprietor field contains WALTER A. BROWN

Social Security Number field contains 543-00-2111

A. Principal product. Describe in one or two words your principal crop or activity for the current tax year. field contains MILK

C. Accounting Method: (1) Cash checkbox checked

D. Employer Identification Number, if any field contains 10-9876543

E. Did you materially participate in the operation of this business during 2007? If No, see page F-2 for limit on passive losses. Yes checkbox checked

Line 35. Total expenses. Add lines 12 through 34f field contains 216,425

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