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Tax Tips - Agriculture

Reporting Farm Income and Expenses
FS-2007-20, June 2007 — Livestock, produce and grain sales are common sources of farm income.

Reporting Natural Resource Income
FS-2013-6, April 2013 - Development resources by means of a lease creates tax consequences.

Ten Things to Know about Farm Income and Deductions
What 10 things should you know about farm income and deductions?

Cancellation of Debt - Agriculture Tax Tips
Have you had a portion of a loan forgiven?

Disaster Area Losses - Agriculture Tax Tips
Has your county been declared a Federal Disaster Area?

Net Operating Losses - Agriculture Tax Tips
Did you have a really bad year?

Crop Insurance and Crop Disaster Payments - Agriculture Tax Tips
Are these payments taxable?

Farm Income Averaging - Agriculture Tax Tips
Is your profit greater than normal?

Prepaid Farm Expenses - Agriculture Tax Tips
Do you buy supplies in advance?

Soil and Water Conservation - Agriculture Tax Tips
Do you have an erosion problem?

Commodity Credit Corporation Loans - Agriculture Tax Tips
When does a loan become income?

Sales Caused By Weather-Related Condition - Agriculture Tax Tips
How can you report the income?

Fuel and Road Use Tax - Agriculture Tax Tips
Are you paying too much fuel tax?

National Tobacco Growers Settlement Trust Payment - Agriculture Tax Tips
Are my settlement payments taxable?

Items Purchased for Resale - Agriculture Tax Tips
When do you deduct the cost of livestock and other items?

Patronage Dividends - Agriculture Tax Tips
Do you know what to do with your 1099-PATR?

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Page Last Reviewed or Updated: 13-Sep-2016