Turbo Tax is a great program to your Schedule F for farm tax. The equipment purchased for agricultural purposes may be depreciated on future tax returns and for a maximum of 10 years. Using software such as Turbo Tax can help track depreciation on all the years that are affected. The program is simple to use and features include the ability to set up depreciation schedules for the purchase of agricultural equipment. The program will automatically update each year and gives you the possibility to modify records if you sell an item before it is fully depreciated.