Posted 10/4/2016 11:28 (#5563342 - in reply to #5563297) Subject: RE: Commodity loan from Fsa
Buxton ND
Check with your taxman FIRST. You can either take the loan its self as income OR take the grain as income next year when you sell it and just deduct the CCC interest. I started with my loans as none taxable income and worked great into tax planning. I've always been told you can not flip/flop back and forth, income/non-income.
Commodity loan from Fsa
