Form 1062 Schedule Section 1062 Gain From the Sale or Exchange of Qualified

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TREASURY/IRS AND OMB USE ONLY DRAFT
SCHEDULE A
(Form 1062)
(December 2025)
Department of the Treasury
Internal Revenue Service
Name

A
B

DRAFT — DO NOT FILE

8

Attachment
Sequence No. 106A
Identifying number

b

Form 1065, or

Qualified Farmland Property Information

Description of the qualified farmland property:
Check if the property was a(n): a
Exchange,
b
Installment Sale, or
c
Sale
Enter the date of the qualified sale or exchange of the property
MM/DD/YYYY
Had you used the property as a farm for farming purposes, or leased the property to a qualified farmer for
farming purposes, during substantially all of the 10-year period ending on the date on line 3? . . . . . .
Is the property described on line 1 real property located in the United States? . . . . . . . . . . .
Did you make the sale or exchange to a qualified farmer—an individual who is actively engaged in farming? .
Is the property subject to a covenant or other legally enforceable restriction which prohibits the use of the
property other than as a farm for farming purposes for any period before the date that is 10 years after the date
on line 3? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Are you including with this return a copy of the covenant or other legally enforceable restriction described on
line 7? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

No

Next: If the answers to the questions on lines 4 through 8 are “Yes,” go to Part II. If not, stop here; the disposition of this property
does not qualify for the section 1062 deferral of tax.

Part II
9
10
11
12
13

Recognized Gain on Qualified Farmland Property

9
Gross sales price of the sale or exchange . . . . . . . . . . . .
Net sales price of the sale or exchange . . . . . . . . . . . . . . . . . . .
Unadjusted basis of the qualified farmland property . . . . . . . . .
11
Adjusted basis of the property . . . . . . . . . . . . . . . . . . . . . .
Recognized (taxable) gain on the qualified sale or exchange of this qualified farmland property .

.

.

10

.
.

.
.

12
13

Note: For purposes of lines 4 through 8, property used or leased by a partnership or S corporation is treated as used or leased by
each person who holds a direct or indirect interest in the partnership or S corporation.
For Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 95881B

Schedule A (Form 1062) (12-2025) Created 9/22/25

DRAFT — DO NOT FILE

5
6
7

OMB No. 1545-0074

File with Form 1062.
Go to www.irs.gov/Form1062 for instructions and the latest information.

Check if you are reporting section 1062 gain from a Schedule K-1 from a: a
Form 1120-S,
c
Form 8865
(2) name
If a box on line A is checked, enter the entity’s (1) EIN

Part I
1
2
3
4

Section 1062 Gain From the Sale or Exchange of Qualified
Farmland Property to a Qualified Farmer