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Selling grain at end of the year need income in 16 but check will be 17
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Mbmaring
Posted 1/2/2017 21:40 (#5740063 - in reply to #5732763)
Subject: RE: Selling grain at end of the year need income in 16 but check will be 17



North west MN
You should expense out the grain tax and storage drying etc and take the full amount of grain sale as income then 1099 will match. We are getting a DPAD pass through deduction from co-op ow a d it amounts to a big tax savings.
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