F3 C F6 S F4 N F8 Y FA ~ | + F3 - A \ + F3 - C \ ? F3 + F6 - Y \ + F6 - S \ + F6 - B \ ? F6 + F4 - N \ + F4 - Y \ ? F4 + F8 - Y \ + F8 - N \ ? F8 + FSTD + FSTX ^ FSA + FSAP + FSAX ^ FSB + FSCF + FSCX ^ FSC + FSLV + FSTX + FSAX + FSCC + FSCX + FSRR + FSCU + FSOT ^ FSD + FSIB + FSCL ^ FSE + FSE - FSIE ^ FSF + FSD - FSF ^ FSG ^ TP1 + F4 - Y = + FSIE - FSE > + 1 ^ TP1 + TP1 > + FSIE - FSE ^ FSF + TP1 > + FSD + FSF ^ FSG + FSSB - FSCT ^ FSH + FSRR + FSRX ^ FSI + FSH + FSLV + FSTX + FSAX + FSCC + FSCX + FSRX + FSDF + FSCU + FSOT ^ FSJ + F3 - A = + FSG ^ FSJ + FSCA + FSCH + FSCE + FSCS + FSDP + FSEB + FSFD + FSFR + FSFT ^ FSK + FSK + FSGF + FSIN + FSIM + FSIO + FSLB + FSPN + FSRM + FSRO + FSRP ^ FSK + FSK + FSSD + FSST + FSSP + FSTA + FSUT + FSVT + FSOE ^ FSK + FSJ - FSK ^ FSL + F8 - N = + FSL > + FSL ^ VHA + F8 - N = + FSL < - FSL ^ VHB | S Is this business owned by Yourself 'Y'` Spouse 'S' or Both 'B'? B F6 R ~9 ^ S Accounting method; Cash 'C' or Accrual 'A'. B F3 R ~29 ^ S Did you materially participate in the operation of this business? (Y/N) B F8 ^ R -80 ^ S PART I - FARM INCOME - CASH METHOD R ~46 ^ S ~1 Sales of livestock and other items you R ~8 S ! ! R ~10 S !///! R ~10 ^ R ~4 S bought for resale R .23 S [FSSB]! 1 ! C FSSB S ! R /3 S ! R ~10 ^ S ~2 Cost or other basis of livestock and other R ~4 S ! ! R ~10 S !///! R ~10 ^ R ~4 S items reported on line 1 R .16 S [FSCT]! 2 ! C FSCT S ! R /3 S ! R ~10 ^ S ~3 Subtract line 2 from 1 R .39 S ! 3 ! T FSH ^ S ~4 Sales of livestock` produce` grains` and other products R ~6 S !///! R ~10 ^ R ~4 S you raised R .45 S [FSLV]! 4 ! C FSLV ^ S ~5a Total cooperative R ~44 S !///! R ~10 ^ R ~4 S distributions..[FSTD/X]! 5a! T FSA S ! 5b Taxable amt.[FSTX]! 5b! C FSTX ^ S ~6a Agricultural program R ~41 S !///! R ~10 ^ R ~4 S payments R .7 S [FSAP/X]! 6a! T FSB S ! 6b Taxable amt.[FSAX]! 6b! C FSAX ^ S ~7 Commodity Credit Corporation (CCC) loans R ~21 S !///! R ~10 ^ S ~~a CCC loans reported under election R .22 S [FSCC]! 7a! C FSCC ^ S ~~b CCC loans forfeited or repaid with R ~27 S !///! R ~10 ^ R ~4 S certificates...[FSCF/X]! 7b! T FSC S ! 7c Taxable amt.[FSCX]! 7c! C FSCX ^ S ~8 Crop insurance proceeds and certain disaster payments R ~8 S !///! R ~10 ^ S ~~a Amount rec R .5 S [FSRR/X]! 8a! T FSI S ! 8b Taxable amt.[FSRX]! 8b! C FSRX ^ S ~~d Amount deferred from last year R .25 S [FSDF]! 8d! C FSDF ^ S ~9 Custom hire (machine work) income R .22 S [FSCU]! 9 ! C FSCU ^ S 10 Other income` including gasoline or fuel tax credit R .4 S [FSOT]!10 ! C FSOT ^ S 11 Gross income. Add lines 3 through 10. If accrual method` R ~5 S !///! R ~10 ^ R ~4 S enter the amount from page 2 line 51 R .25 S !11 ! T FSJ ^ R -80 ^ S PART II - FARM EXPENSES - CASH AND ACCURAL METHOD R ~31 ^ S 12 Car & truck exp R .4 S [FSCA]! C FSCA S ! 25 Pension and profit- R ~6 S ! R ~10 ^ S 13 Chemicals R .10 S [FSCH]! C FSCH S ! R ~4 S sharing plans R .6 S [FSPN]! C FSPN ^ S 14 Conservation exp...[FSCE]! C FSCE S ! 26 Rent or lease R ~12 S ! R ~10 ^ S 15 Custom hire R .8 S [FSCS]! C FSCS S !~~a Machinery & equip..[FSRM]! C FSRM ^ S 16 Depreciation and section ! R ~10 S !~~b Other (land etc.)..[FSRO]! C FSRO ^ S ~~~179 deduction R .6 S [FSDP]! C FSDP S ! 27 Repairs and R ~14 S ! R ~10 ^ S 17 Employee benefit programs! R ~10 S ! R ~4 S maintenance R .8 S [FSRP]! C FSRP ^ S ~~~other than line 25.[FSEB]! C FSEB S ! 28 Seeds and plants R ~9 S ! R ~10 ^ S 18 Feed purchased R .5 S [FSFD]! C FSFD S ! R ~4 S purchased R .10 S [FSSD]! C FSSD ^ S 19 Fertilizers & lime.[FSFR]! C FSFR S ! 29 Storage and R ~14 S ! R ~10 ^ S 20 Freight & trucking.[FSFT]! C FSFT S ! R ~4 S warehousing R .8 S [FSST]! C FSST ^ S 21 Gasoline/fuel/oil..[FSGF]! C FSGF S ! 30 Supplies purchased.[FSSP]! C FSSP ^ S 22 Insurance (other R ~9 S ! R ~10 S ! 31 Taxes R .14 S [FSTA]! C FSTA ^ S ~~~than health) R .7 S [FSIN]! C FSIN S ! 32 Utilities R .10 S [FSUT]! C FSUT ^ S 23 Interest R ~17 S ! R ~10 S ! 33 Veterinary fees R .4 S [FSVT]! C FSVT ^ S ~a Mortgage R .11 S [FSIM]! C FSIM S ! 34 Other expenses R .5 S [FSOE]! C FSOE ^ S ~b Other R .14 S [FSIO]! C FSIO S ! R ~40 ^ S 24 Labor hired (less jobs R ~14 S ! R ~40 ^ R ~3 S credit) R .12 S [FSLB]! C FSLB S ! R ~40 ^ R -80 ^ S 35 Total expenses. Add lines 12 through 34 R .22 S !35 ! T FSK ^ S 36 Net farm profit or (loss). Subtract line 35 from 11. Enter on! ! R ~10 ^ R ~4 S Form 1040` line 19 and Schedule SE` line 1.! B FA S !(FZ1/FS1/FV1)!36 ! T FSL ^ F ^ S PART III - FARM INCOME - ACCRUAL METHOD R ~41 ^ S 38 Sales of livestock` produce` grains and other products.[FSLV]!38 ! C FSLV ^ S 39a Total cooperative R ~44 S !///! R ~10 ^ R ~4 S distributions.[FSTD/X]!39a! T FSA S !~39b Taxable amt.[FSTX]!39b! C FSTX ^ S 40a Agricultural program R ~41 S !///! R ~10 ^ R ~4 S payments R .6 S [FSAP/X]!40a! T FSB S !~40b Taxable amt.[FSAX]!40b! C FSAX ^ S 41 Commodity Credit Corporation (CCC) loans R ~21 S !///! R ~10 ^ S ~~a CCC loans reported under election R .22 S [FSCC]!41a! C FSCC ^ S ~~b CCC loans forfeited or repaid with R ~27 S !///! R ~10 ^ R ~4 S certificates..[FSCF/X]!41b! T FSC S ! 41c Taxable amt.[FSCX]!41c! C FSCX ^ S 42 Crop insurance proceeds R .32 S [FSRR]!42 ! C FSRR ^ S 43 Custom hire (machine work) income R .22 S [FSCU]!43 ! C FSCU ^ S 44 Other income` including federal and state gasoline R ~11 S !///! R ~10 ^ R ~4 S or fuel tax credit or refund R .27 S [FSOT]!44 ! C FSOT ^ S 45 Add amounts in the right column for lines 38 through 44 R .6 S !45 ! T FSD ^ S 46 Inventory of livestock` produce` grains` and ! ! R ~10 S !///! R ~10 ^ R ~4 S other products at beginning of year R .5 S [FSIB]!46 ! C FSIB S ! R /3 S ! R ~10 ^ S 47 Cost of livestock` produce` grains` and other ! ! R ~10 S !///! R ~10 ^ R ~4 S products purchased during year R .10 S [FSCL]!47 ! C FSCL S ! R /3 S ! R ~10 ^ S 48 Add lines 46 and 47 R .27 S !48 ! T FSE S ! R /3 S ! R ~10 ^ S 49 Inventory of livestock` produce` grains` and ! ! R ~10 S !///! R ~10 ^ R ~4 S other products at end of year R .11 S [FSIE]!49 ! C FSIE S ! R /3 S ! R ~10 ^ S 50 Cost of livestock` produce` grains` and other products sold. !///! R ~10 ^ R ~4 S Subtract line 49 from 48* R .36 S !50 ! T FSF ^ S 51 Gross income. Subtract line 50 from 45. Enter the result on !///! R ~10 ^ R ~4 S page 1` line 11. R ~45 S !51 ! T FSG ^ R ~80 ^ R ~4 S * If you use the unit-livestock-price method or the farm-price method R ~7 ^ R ~6 S of valuing inventory ('Y' or 'N' B F4 S ) and the amount on line 49 is R ~4 ^ R ~6 S larger than the amount on line 48` subtract line 48 from line 49. Enter~~~ ^ R ~6 S the result on line 50. Add lines 45 and 50. Enter the total on line 51.~~~ ^ |