Independent form guide. BrieflyGo is not affiliated with or endorsed by IRS, USCIS, SSA, DOL, or any U.S. government agency. Official forms are sourced from public government websites.
Official form guide
Form 1062-SA: 1062 (Schedule A)
IRS Form 1062 is used to report Gain From the Sale or Exchange of Qualified Farmland Property to a Qualified Farmer, and it must be filed with Form 1062. The form pertains to the December 2025 edition.
Need help with Form 1062-SA?
Open it in the AI Editor for field guidance, checks, and PDF export.
Need help? AI Editor guides you through every field of Form 1062-SA.
Start filling →Form Overview
IRS Form 1062-SA - 1062 (Schedule A)
IRS Form 1062 is used to report Gain From the Sale or Exchange of Qualified Farmland Property to a Qualified Farmer, and it must be filed with Form 1062. The form pertains to the December 2025 edition.
Risk Radar
Scan points- 1Failing to answer 'Yes' to all questions on lines 4 through 8 stops the qualification for section 1062 deferral.
- 2Failing to check the correct transaction type (Exchange, Installment Sale, or Sale) on Line 1.
- 3Not entering the date of the qualified sale/exchange accurately on Line 3.
- 4Answering 'No' to any question from Line 4 through Line 8, disqualifying the property.
- 5Omitting a copy of the covenant when answering 'Yes' to Line 8.
Plain English
This form allows a farmer or entity selling farmland to claim special tax treatment on the profit from that sale or exchange. By filing Form 1062, the taxpayer reports details about the property and calculates the resulting taxable gain. This documentation is necessary for qualifying for Section 1062 deferral of tax.
Submission Date
- Filing date: 2026-04-15 19:10:40
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
AI co-pilot
Fill it faster. Catch mistakes before you file.
What this form is for
- Use this form when reporting gain from the sale or exchange of qualified farmland property to a qualified farmer.
- Do not use it when the disposition of the property does not qualify for the section 1062 deferral of tax.
- Check Form 1120-S, Form 1065, or Form 8865 instead when reporting gain derived from a Schedule K-1 from those specific entities.
Form selector
Use this form or another form?
Reporting Section 1062 Gain from a K-1
The entity is an S corporation and reports the income on this form.
✓ Check Box A
Reporting Section 1062 Gain from a K-1
The entity is a partnership and reports the income on this form.
✓ Check Box B
Property used/leased by an S Corp (reporting via K-1)
Partnership/S corporation property usage must be treated as used by each direct or indirect interest holder.
✓ Confirm Line 4 through 8 answers are 'Yes' before proceeding to Part II
Deadline or filing window
The transaction date on Line 3 triggers the requirement to file. The form itself does not state a specific due date, but it must be filed in relation to the tax year of that qualified sale or exchange. No extension period is detailed directly on this form.
Checklist
What you need before filling it out
Line 1 Description
Property type: Exchange, Installment Sale, or Sale · Part I
Line 3 Date
MM/DD/YYYY date of sale or exchange · Part I
Lines 4-8 Questions
Yes/No answers regarding usage, location, and restrictions · Part I
Line 13 Recognized Gain
The final calculated taxable gain amount · Part II
Lines 9-12 Values
Gross sales price, Net sales price, Unadjusted basis, Adjusted basis · Part II
Before you submit
- 1Check Box A or B on Line 2 to indicate which entity's K-1 is being reported.
- 2Enter the correct EIN and name of the entity on Lines 1 and 2 if applicable.
- 3Verify that Part I, lines 4 through 8, are answered with 'Yes' before moving to Part II.
- 4Confirm the date entered on Line 3 matches the actual sale or exchange date.
- 5Ensure all relevant property characteristics (e.g., real property in the US) are marked correctly on Lines 5-7.
- 6If applicable, include a copy of the covenant/restriction described on Line 7 with this Form 1062.
- 7Verify that Part II lines 9 through 13 contain accurate financial figures before signing.
How to file this form
- 1Complete all fields in Part I, ensuring the answers to questions on lines 4 through 8 are clearly marked 'Yes' or 'No'.
- 2If the answers on lines 4-8 are 'Yes', complete Part II by entering the Gross sales price (Line 9) and Net sales price (Line 10).
- 3Calculate and enter the Unadjusted basis (Line 11), Adjusted basis (Line 12), and final Recognized gain (Line 13) in Part II.
- 4Sign and date Form 1062, keeping a copy for records before mailing it to the IRS.
Known limitations
- 1The disposition of property does not qualify for the section 1062 deferral of tax if the answers to questions on lines 4 through 8 are not all 'Yes'.
- 2For properties used or leased by a partnership or S corporation, the usage is treated as being used or leased by each person holding a direct or indirect interest in that entity.
Field map
Compact field-by-field guide
General Info
2 items
Full legal name and taxpayer identification number (SSN or EIN).
Current mailing address.
Details
2 items
Complete all applicable sections of this form according to the official IRS instructions.
Enter the relevant dollar amount if this form involves tax calculation.
Certification
1 items
Read and acknowledge any certifications required by this form.
Signatures
1 items
Sign and date. Unsigned forms cannot be processed.
Almost done reviewing the fields?
Fillable formOpen in Editor->The current edition of IRS Form 1062 is dated December 2025, and filers should go to www.irs.gov/Form1062 for the latest information.
What changed or needs a fresh check
- Edition date — confirm the revision reads December 2025.
- OMB Number — confirm it reads 1545-0074.
- Attachment Sequence No. — confirm it reads 106A.
- Creation Date — confirm the document was created on 9/22/25.
- Form Title — confirm the official title is 'Schedule A (Form 1062)'.
Quick Facts
Downloads
After you file
- 1Keep a copy of the completed Form 1062 (Schedule A) for your records.
- 2If you check box 'A' on line 2, ensure you have entered the entity’s EIN and name correctly on lines 1 and 2.
- 3The form pertains to the December 2025 edition; confirm this revision date when filing.
- 4Go to www.irs.gov/Form1062 for instructions and the latest information after submission.
Sources
- SRCSchedule A (Form 1062) is used to report Gain From the Sale or Exchange of Qualified Farmland Property to a Qualified Farmer, as stated on Form p.1.
- SRCThe form has an OMB No. of 1545-0074 and Attachment Sequence No. 106A (Form p.1).
- SRCLine A allows checking if the gain is from a Schedule K-1 from a Form 1120-S, Form 1065, or Form 8865 (Form p.1).
- SRCPart I requires checking if the property was an Exchange, Installment Sale, or Sale on Line 1 (Form p.1).
- SRCIf answers to lines 4 through 8 are 'Yes,' you must proceed to Part II (Form p.1).
- SRCLine 13 calculates the Recognized (taxable) gain on the qualified sale or exchange of this property (Form p.1).
Common confusion points
Which line do I use if my sale was an Installment Sale?
Check box 'b' on Line 1, then enter the date of the qualified sale or exchange on Line 3.
→ Confirm that you have checked only one box (a, b, or c) on Line 1.
What is considered a 'qualified farmer'?
A qualified farmer is an individual who is actively engaged in farming, as referenced on Line 6.
→ Verify that the property was sold or exchanged to this specific type of individual.
When do I need to include the covenant copy?
You must include a copy of the covenant or other legally enforceable restriction if you answered 'Yes' to question line 7 (restriction exists).
→ Check box 'Yes' on Line 8 and attach the corresponding document.
What happens if the property was leased to another farmer, but not sold/exchanged?
If you answer 'Yes' to Line 4 regarding leasing to a qualified farmer, you must proceed through Part II (lines 9-13) if all other criteria are met.
→ Ensure that lines 4 through 8 all have 'Yes' answers before proceeding to Part II.
What is the difference between Gross and Net Sales Price?
Line 9 requires the Gross sales price, while Line 10 requires the Net sales price of the sale or exchange.
→ Check your documentation to ensure you are not swapping these two figures on lines 9 and 10.
Does this form apply if I sold a farm but never used it as a farm?
If you answer 'No' to Line 4 (used/leased for farming purposes), the disposition does not qualify for the section 1062 deferral of tax.
→ Check line 4 first; if it is 'No', stop filing after completing Part I.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Go to www.irs.gov/Form1062 for instructions and the latest information.
Questions about IRS Form 1062-SA
What is IRS Form 1062-SA used for?
This form allows a farmer or entity selling farmland to claim special tax treatment on the profit from that sale or exchange. By filing Form 1062, the taxpayer reports details about the property and calculates the resulting taxable gain. This documentation is necessary for qualifying for Section 1062 deferral of tax.
Who must file IRS Form 1062-SA?
A qualified farmer must file IRS Form 1062 when reporting gain from a Schedule K-1 from a Form 1120-S, Form 1065, or Form 8865. The form applies to the entity selling the property.
What information does IRS Form 1062-SA require?
Part I collects Qualified Farmland Property Information, including checking if the property was an Exchange, Installment Sale, or Sale (Line 1). Part II details the Recognized Gain on Qualified Farmland Property by listing figures like Gross sales price (Line 9) and Adjusted basis (Line 12).
When is IRS Form 1062-SA due?
The form is filed upon the date of the qualified sale or exchange listed on Line 3. Not stated in the official source regarding a specific filing deadline, but it relates to transactions occurring within the current tax period.
Where do I file IRS Form 1062-SA?
The instructions direct filers to go to www.irs.gov/Form1062 for further information and routing details. The form itself does not specify a particular service center address for submission.
How do I complete IRS Form 1062-SA?
First, complete Part I by checking the type of transaction (Exchange, Installment Sale, or Sale) and filling in dates and status questions. If lines 4 through 8 are all “Yes,” proceed to Part II to enter financial details like Gross sales price on Line 9. Finally, ensure all required fields are completed before filing.
What happens if IRS Form 1062-SA is filed incorrectly?
If the answers to lines 4 through 8 are not all “Yes,” the disposition of the property will not qualify for the section 1062 deferral of tax, meaning the gain is taxed differently.
Which line do I use if my sale was an Installment Sale?
Check box 'b' on Line 1, then enter the date of the qualified sale or exchange on Line 3. Confirm that you have checked only one box (a, b, or c) on Line 1.
Source transparency
Copyright & Licensing - US Government Forms
BrieflyGo links to and explains official public form sources. We are not a government agency, and this page is for general form guidance, not legal advice.
Understand the agreement before you sign it.
Review risky clauses in plain English, fix the document, and keep it moving toward signature.