| + NTCD + NTCX ^ N2A + NAPP + NAPX ^ N3A + NCCF + NCCX ^ N4B + NCRP + NCRX ^ N5A + NINC + NTCX + NAPX + NCCC + NCCX + NCRX + NDEF + NOTH ^ N07 + NCAR + NCHM + NCON + NCHE + NDEP + NBEN + NEED + NFER + NFRG + NGFO ^ N31 + N31 + NINS + NINM + NINO + NLAB + NPEN + NRTM + NRTO + NREP + NSED ^ N31 + N31 + NSTR + NSUP + NTAX + NUTL + NVET + NOTE ^ N31 + N07 - N31 ^ N32 | R ~5 S PART I - GROSS FARM RENTAL INCOME R ~42 ^ S ~1 Income from production of livestock` produce` etc R .6 S [NINC]! 1 ! C NINC ^ S ~2a Total cooperative R ~44 S !///! R ~10 ^ R ~4 S distribution[NTCD/X]! 2a! T N2A S ! 2b Taxable amount.[NTCX]! 2b! C NTCX ^ S ~3a Agricultural program R ~41 S !///! R ~10 ^ R ~4 S payments R .4 S [NAPP/X]! 3a! T N3A S ! 3b Taxable amount.[NAPX]! 3b! C NAPX ^ S ~4 Commodity credit corporation (CCC) loans R ~21 S !///! R ~10 ^ S ~~a CCC loans reported under election R .22 S [NCCC]! 4a! C NCCC ^ S ~~b CCC loans forfeited or repaid with R ~27 S !///! R ~10 ^ R ~4 S certificates[NCCF/X]! 4b! T N4B S ! 4c Taxable amount.[NCCX]! 4c! C NCCX ^ S ~5 Crop insurance proceeds and certain disaster payments R ~8 S !///! R ~10 ^ S ~~a Amount rec..[NCRP/X]! 5a! T N5A S ! 5b Taxable amount.[NCRX]! 5b! C NCRX ^ S ~~d Amount deferred from last year R .25 S [NDEF]! 5d! C NDEF ^ S ~6 Other income` including gasoline or fuel tax credit R .4 S [NOTH]! 6 ! C NOTH ^ S ~7 Add amounts in the right column for lines 1 through 6 R .8 S ! 7 ! T N07 ^ R -80 ^ R ~5 S PART II - EXPENSES - FARM RENTAL PROPERTY R ~34 ^ S ~8 Car and truck exp..[NCAR]! C NCAR S ! S 20 Labor hired (less jobs R ~4 S ! R ~10 ^ S ~9 Chemicals R .10 S [NCHM]! C NCHM S ! R ~3 S credit) R .13 S [NLAB]! C NLAB ^ S 10 Conservation R ~13 S ! R ~10 S ! 21 Pension and profit- R ~6 S ! R ~10 ^ S ~~~expenses R .11 S [NCON]! C NCON S ! R ~4 S Sharing plans R .6 S [NPEN]! C NPEN ^ S 11 Custom hire R .8 S [NCHE]! C NCHE S ! 22 Rent or lease R ~12 S ! R ~10 ^ S 12 Depreciation and section~! R ~10 S !~~a Machinery & equip..[NRTM]! C NRTM ^ S ~~~179 deduction R .6 S [NDEP]! C NDEP S !~~b Other (land etc.)..[NRTO]! C NRTO ^ S 13 Employee benefit programs! R ~10 S ! 23 Repairs and R ~14 S ! R ~10 ^ S ~~~other than line 21.[NBEN]! C NBEN S ! R ~4 S maintenance R .8 S [NREP]! C NREP ^ S 14 Feed purchased R .5 S [NEED]! C NEED S ! 24 Seeds and plants R ~9 S ! R ~10 ^ S 15 Fertilizers & lime.[NFER]! C NFER S ! R ~4 S purchased R .10 S [NSED]! C NSED ^ S 16 Freight & trucking.[NFRG]! C NFRG S ! 25 Storage and R ~14 S ! R ~10 ^ S 17 Gasoline/fuel/oil..[NGFO]! C NGFO S ! R ~4 S warehousing R .8 S [NSTR]! C NSTR ^ S 18 Insurance (other R ~9 S ! R ~10 S ! 26 Supplies purchased.[NSUP]! C NSUP ^ S ~~~than health) R .7 S [NINS]! C NINS S ! 27 Taxes R .14 S [NTAX]! C NTAX ^ S 19 Interest R ~17 S ! R ~10 S ! 28 Utilities R .10 S [NUTL]! C NUTL ^ S ~a Mortgage R .11 S [NINM]! C NINM S ! 29 Veterinary fees R .4 S [NVET]! C NVET ^ S ~b Other R .14 S [NINO]! C NINO S ! 30 Other expenses R .5 S [NOTE]! C NOTE ^ R -80 ^ S 31 Total expenses. Add lines 8 through 30 R .23 S !31 ! T N31 ^ S 32 Net farm rental income or (loss). Subtract line 31 from 7. ! ! R ~10 ^ R ~4 S Enter on Schedule E` line 39 R .28 S (FE1)!32 ! T N32 ^ |