nebfarmer - 2/4/2021 21:10
ksufearless - 2/4/2021 20:40
Hilltop Husker - 2/4/2021 11:29
Cva coop in Nebraska has a program for its farmer owners now.
curious how they will spin this so they can operate on the farmers money, interest free, then charge them taxes when they give the money back........ i mean "pay patronage'
Whoa!
When you "gave" the co-op the money It was a fully deductible expense to you if any money comes back to you then yes it should be taxed as income, No differently than when you sell a fully depreciated item.
its an interest free loan............ plain and simple