Posted 3/24/2012 10:13 (#2303646 - in reply to #2303577) Subject: Re: Tax Question
NE Iowa
Talk to your tax guy on Monday, I had somewhat the same discussion this year. My tax guy takes that 169,000 off total corn sales and lists it as income on a different line, thus showing the loan as income of corn sold. I always have FSA print out a loan payoff page also for documentation.
Tax Question
