Are CRP payments taxable? Form CCC-1099-G

amos2b
amos2b Member Posts: 2 Newcomer
in Income

I received a CCC-1099-G from the USDA FSA for CRP Annual Rental payments (not really rental). From what I read online, it appears I need to enter the details on the Schedule F. I am not self-employed and don't have a farm business. I selected cash accrual even though we don't have book records. I got to the page where it asks me to enter in the CCC-1099-G payment amount. Then the next question is "Enter the taxable portion of your agricultural program payments." I've read "Unless the enrolled CRP taxpayer is receiving Social Security retirement or disability benefits, CRP “annual rental payments” are includible in net income from self-employment, subject to self-employment tax." We are not self-employed and don't have a farm business.

Do I enter in nothing or the full amount of my payment in the taxable income section? I wasn't sure if we are taxed on the CRP income since we are not a farm business.

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Answers

  • KeriC
    KeriC FreeTaxUSA Agent Posts: 218

    It sounds like you have determined that your payment is taxable income for you. So, yes, the proper place to report your CCC-1099-G for agricultural payments is on Schedule F, even if you don't have an official form or business.

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