|
| Think of it this way. How many $ of income from the 2018 crop will you sell in 2019 (or beyond). If you quit farming you would no longer have expenses to offset that income. So this is essentially your deffered income, I'm guessing almost eveyone does it to some degree. Some just arent aware of if.
Edit: I guess a guy could still be paying off 2018 expenses in 2019, so that would need subtracted from the income above.
Edited by Deere6 2/17/2019 14:39
| |
|
Do you pay income taxes?
