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Level 1
June 16, 2026
Question

How/where do you enter gross farm income on the members K-1 for an S-Corp?

  • June 16, 2026
  • 2 replies
  • 45 views

We are trying to avoid the IRS letters requiring estimated tax payments for our farmers because the gross farm income is not included on the K-1 of a 1020-S (or we have failed to find the location to enter the information) like it is for the 1065 K-1.  Looking for assistance.  Thanks!

 

2 replies

Moderator
June 22, 2026

Hi ​@ReneeSetzer   Here is a help article you can review: Generating and entering S corporation K-1 in ProSeries with Other income, Other deductions, or Other information . We also recommend connecting with ProSeries Support, as they have the tools to remote in and take a closer look. 

Intuit Community Champion
June 27, 2026

Line 17 code AN, See instructions https://www.irs.gov/pub/irs-pdf/i1120ssk.pdf

Code AN. Farming and fishing income. If you are an individual shareholder, report this income, as an item of information, on Schedule E (Form 1040), Part V, line 42. Don’t report this income elsewhere on Form 1040 or 1040-SR