What can I enter for taxes on Schedule F?

Following is a list of taxes you can deduct:

• Real estate and personal property taxes on farm business assets
• Social Security and Medicare taxes you paid to match what you are required to withhold for farm employee's wages
• Federal unemployment tax
• Federal highway use tax
• Contributions to state unemployment insurance fund or disability benefit fund if they're considered taxes under state law

Don't deduct these taxes:

• Federal income taxes, including your self-employment tax
• Estate and gift taxes
• Taxes assessed for improvements, such as paving and sewers
• Taxes on your home or personal use property
• State and local sales taxes on property purchased for use in your farming business (instead, include these taxes as part of the cost of the property)
• Other taxes not related to your farming business