//1±Σ1SCHEDULE F≥ FARM INCOME AND EXPENSES≥ 1989 * 14▌(Form 1040)≥ 2OMB No. 1545-0074▌≥-O▌≥ =SSN:▀πC1*▀DπC2*▌≥=O▌A. Principal Product:≥ #B. Code:▀εß∩▀Eεß∩▌▌C. Accounting Method: Cash [ ] Accrual [ ] D. Employer Id:▀ Γ,1▀,Γ,2▀Bεß∩▌≥ FYes No▌E. Did you previously elect to incl commodity loan credit as income ? [ ] [ ]▀IΓ,Y▀NΓ,N▌F. Did you materially participate in operation of farm in 1989?≥. [ ] [ ]▀IΓ,Y▀NΓ,N▌G. Do you elect to deduct preproductive period expenses?≥.[ ] N/A [ ] [ ]▀@Γ,_▀@Γ, ▀IΓ,Y▀NΓ,N▌≥=O▌PART I. FARM INCOME - CASH METHOD▌≥-O▌ 1. Sales of livestock and other items bought for resale ≥.1.|▀Eεß∩▌ 2. Cost or other basis of items bought for resale ≥. 2.|▀Eεß ∩▌ 3. Subtract line 2 from line 1 ≥. 3.|▀Eεß
∩▌ 4. Sales of livestock, produce, and other products raised .....4.|▀Eεß ∩▌5a. Total cooperative distributions..5a|≥
| Taxable...5b.|▀)εß ∩▀Eεß∩▌6a. Agricultural program payments....6a|≥
| Taxable...6b.|▀)εß∩▀Eεß∩▌7a. Commodity Credit Corp loans reported under election≥.7a.|▀Eεß∩▌ b. CCC loans forfeited or repaid....7b|≥
| Taxable...7c.|▀)εß∩▀Eεß∩▌8 Crop insurance proceeds and other disaster payments:≥ |≥# ▌ a. Amount received in 1989≥. 8a|≥
| Taxable...8b.|▀)εß∩▀Eεß∩▌ c. Check if defer to 1990..[ ]. Amount deferred from 1988...8d.|▀ ß▀Eεß∩▌ 9. Custom hire (machine work) income≥.9.|▀Eεß∩▌10. Other income ≥.-10.|▀Eεß∩▌11. Gross Income. Add lines 3-10 or amount from line 51≥.11.|▀Eεß∩▌≥=A|≥= ▌PART II. FARM DEDUCTIONS:≥ (|▌≥-A|≥- ▌12. Breeding Fees ....12.|≥ | 24. Labor hired≥.24.|▀ εß∩▀Eεß'∩▌13. Chemicals ≥.13.|≥ | 25. Pension plans≥.25.|▀ εß∩▀Eεß(∩▌14. Conservation exp..14.|≥ | 26. Rent or lease:≥ |≥# ▀ εß ∩▌15. Custom hire≥.15.|≥ | a Machinery/equip...26a.|▀ εß ∩▀Eεß)∩▌16. Depreciation and |≥# | b Other≥. 26b.|▀Eεß*∩▌ Sec. 179 deduction |≥# | 27. Repairs, maint.....27.|▀Eεß+∩▌ (att. Form 4562)..16.|≥ | 28. Seeds & plants.....28.|▀ εß ∩▀Eεß,∩▌17. Employee benefit |≥# | 29. Storage≥. 29.|▀Eεß-∩▌ programs other than |≥# | 30. Supplies≥.
30.|▀Eεß.∩▌ on line 25≥.17.|≥ | 31. Taxes≥.31.|▀ εß ∩▀Eεß/∩▌18. Feed purchased....18.|≥ | 32. Utilities≥. 32.|▀ εß ∩▀Eεß0∩▌19. Fertilizers≥.19.|≥ | 33. Veterinary fees....33.|▀ εß!∩▀Eεß1∩▌20. Freight/trucking..20.|≥ | 34. Other expenses:≥ |≥# ▀ εß"∩▌21. Gasoline, oil.....21.|≥ | a.≥ 34a.|▀ εß#∩▀-εß2∩▀Eεß3∩▌22. Insurance≥.22.|≥ | b.≥ 34b.|▀ εß$∩▀-εß4∩▀Eεß5∩▌23. Interest:≥ |≥# | c.≥ 34c.|▀-εß6∩▀Eεß7∩▌ a.Mortgage≥.23a.|≥ | d.≥ 34d.|▀ εß%∩▀-εß8∩▀Eεß9∩▌ b.Other≥. 23b.|≥ | e.≥ 34e.|▀ εß&∩▀-εß:∩▀Eεß;∩▌≥-A|≥- ▌35. Total expenses. Add amounts on 12 through 34e≥. 35.|▀Eεß<∩▌≥-A|≥- ▌36. Net farm profit (or loss allowed)≥.36.|▀EπF1*▌37. If loss, check box that describes 37a. [ ] All is at risk▀1εß>∩▌ your investment in this activity .....37b. [ ] Some is not at risk▀1εß?∩▌≥=O▌For Paperwork Reduction Act Notice, see instr.≥ Schedule F (Form 1040) 1989▌AM Software H838≡Σ2▌▌SCHEDULE F (Form 1040) 1989≥ .Page 2▌≥=O▌PART III. FARM INCOME - ACCRUAL METHOD▌≥-O▌38. Sales of livestock, produce and other products≥. 38.|▀EßA▌≥ &≥- ≥ |≥- ▌39a Total coop distributions≥.39a.|≥
| Taxable..39b.|▀)ßB▀EßC▌≥ &≥- ≥ |≥- ▌40a Agricultural program payments..40a.|≥
| Taxable..40b.|▀)ßD▀EßE▌≥ &≥- ≥ |≥- ▌41 Commodity Credit Corporation (CCC) loans:≥ |▌ a. CCC loans reported under election≥.41a.|▀EßF▌≥ '≥-
≥ |≥- ▌ b. Forfeited or repaid≥.41b.|≥
| Taxable..41c.|▀)ßG▀EßH▌≥ '≥-
≥ |≥- ▌42. Crop insurance proceeds≥.#42.|▀EßI▌≥ A|≥- ▌43. Custom hire (machine work) income≥.43.|▀EßJ▌≥ A|≥- ▌44. Other income ≥.-44.|▀EßK▌≥ A|≥- ▌45. Total. Add lines 38 through 44≥. 45.|▀EßL▌≥ 2≥-|≥- ▌46. Inventory at beginning of year≥.46.|≥ |≥# ▀6ßM▌≥ 2|≥-|≥# ▌47. Cost of livestock, grains purchased≥.47.|≥ |≥# ▀6ßN▌≥ 2|≥-|≥# ▌48. Add lines 46 and 47≥.48.|≥ |≥# ▀6ßO▌≥ 2|≥-|≥# ▌49. Inventory at end of year≥.49.|≥ |≥# ▀6ßP▌≥ 2≥-|≥- ▌50. Cost of livestock, grains, and other products sold≥.50.|▀EßQ▌≥ A|≥- ▌51. Gross income. Subtract line 50 from 45≥.51.|▀EßR▌≥=O▌AM Software H838≡//2±Σ1▌▌▀F▌▌▌▌▌▌▀ πC1*▀AπC2*▌▌▀ ß▀Aß▌▌▀ Γ,1▀ Γ,2▀Aß▌▀IΓ,Y▀MΓ,N▌▀IΓ,Y▀MΓ,N▌▀BΓ,_▀BΓ, ▀IΓ,Y▀MΓ,N▌▌▌▌▀4ß▌▀4ß ▌▀Eß
