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ND | Given it is tax day, has anyone here reported washout penalties from cash grain sales on their schedule F?
If so, did you put them in as a negative income? Or under line 32 other expenses?
This was a forward grain contract that, due to drought, had to wash out (at a loss to me) with elevator prior to delivery (short on grain)
Have never had to do a washout before, so this is new to me. Total tax all should not change, but curious how people report it | |
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Cash Grain Sales Washouts - Schedule F?
