Software of the Month Club 1995 March/SOFM_Mar1995.bin/pc/sri/windows/accb/taxforms/ff1.txt

Text File | 1995-01-27 | 7KB | 524 lines

F1 C
F5 Y
F2 N
F7 Y
F9 ~
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+ F1 - A \ + F1 - C \ ? F1
+ F5 - Y \ + F5 - S \ + F5 - B \ ? F5
+ F2 - N \ + F2 - Y \ ? F2
+ F7 - Y \ + F7 - N \ ? F7
+ FTCD + FTCX ^ F5A
+ FAPP + FAPX ^ F6A
+ FCCF + FCCX ^ F7B
+ FLIV + FTCX + FAPX + FCCC + FCCX + FCRP + FCUS + FOTH ^ F45
+ FINB + FCSP ^ F48
+ F48 - FINE ^ F50
+ F45 - F50 ^ F51
^ TP1
+ F2 - Y = + FINE - F48 > + 1 ^ TP1
+ TP1 > + FINE - F48 ^ F50
+ TP1 > + F45 + F50 ^ F51
+ FSYB - FCST ^ F03
+ FCRP + FCRX ^ F8A
+ F03 + FLIV + FTCX + FAPX + FCCC + FCCX + FCRX + FDEF + FCUS + FOTH ^ F11
+ F1 - A = + F51 ^ F11
+ FCEX + FCHM + FCON + FCHE + FDEP + FBEN + FEED + FFER + FFRG ^ F35
+ F35 + FGFO + FINS + FINM + FINO + FLAB + FPEN + FRTM + FRTO + FREP ^ F35
+ F35 + FSED + FSTR + FSUP + FTAX + FUTL + FVET + FOTE ^ F35
+ F11 - F35 ^ F36
+ F7 - N = + F36 > + F36 ^ VGA
+ F7 - N = + F36 < - F36 ^ VGB
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S Is this business owned by Yourself 'Y'` Spouse 'S' or Both 'B'? <F5>
B F5
R ~9
^
S Accounting method; Cash 'C' or Accrual 'A'. <F1>
B F1
R ~29
^
S Did you materially participate in the operation of this business?  (Y/N) <F7>
B F7
^
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 [FSYB]! 1 !
C FSYB
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 [FCST]! 2 !
C FCST
S !
R /3
S !
R ~10
^
S ~3  Subtract line 2 from 1
R .39
S ! 3 !
T F03
^
S ~4  Sales of livestock` produce` grains` and other products
R ~6
S !///!
R ~10
^
R ~4
S you raised
R .45
S [FLIV]! 4 !
C FLIV
^
S ~5a Total cooperative
R ~44
S !///!
R ~10
^
R ~4
S distributions..[FTCD/X]! 5a!
T F5A
S ! 5b Taxable amt.[FTCX]! 5b!
C FTCX
^
S ~6a Agricultural program
R ~41
S !///!
R ~10
^
R ~4
S payments
R .7
S [FAPP/X]! 6a!
T F6A
S ! 6b Taxable amt.[FAPX]! 6b!
C FAPX
^
S ~7  Commodity Credit Corporation (CCC) loans
R ~21
S !///!
R ~10
^
S ~~a CCC loans reported under election
R .22
S [FCCC]! 7a!
C FCCC
^
S ~~b CCC loans forfeited or repaid with
R ~27
S !///!
R ~10
^
R ~4
S certificates...[FCCF/X]! 7b!
T F7B
S ! 7c Taxable amt.[FCCX]! 7c!
C FCCX
^
S ~8  Crop insurance proceeds and certain disaster payments
R ~8
S !///!
R ~10
^
S ~~a Amount rec
R .5
S [FCRP/X]! 8a!
T F8A
S ! 8b Taxable amt.[FCRX]! 8b!
C FCRX
^
S ~~d Amount deferred from last year
R .25
S [FDEF]! 8d!
C FDEF
^
S ~9  Custom hire (machine work) income
R .22
S [FCUS]! 9 !
C FCUS
^
S 10  Other income` including gasoline or fuel tax credit
R .4
S [FOTH]!10 !
C FOTH
^
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 F11
^
R -80
^
S PART II - FARM EXPENSES - CASH AND ACCURAL METHOD
R ~31
^
S 12 Car & truck exp
R .4
S [FCEX]!
C FCEX
S ! 25 Pension and profit-
R ~6
S !
R ~10
^
S 13 Chemicals
R .10
S [FCHM]!
C FCHM
S !
R ~4
S sharing plans
R .6
S [FPEN]!
C FPEN
^
S 14 Conservation exp...[FCON]!
C FCON
S ! 26 Rent or lease
R ~12
S !
R ~10
^
S 15 Custom hire
R .8
S [FCHE]!
C FCHE
S !~~a Machinery & equip..[FRTM]!
C FRTM
^
S 16 Depreciation and section !
R ~10
S !~~b Other (land etc.)..[FRTO]!
C FRTO
^
S ~~~179 deduction
R .6
S [FDEP]!
C FDEP
S ! 27 Repairs and
R ~14
S !
R ~10
^
S 17 Employee benefit programs!
R ~10
S !
R ~4
S maintenance
R .8
S [FREP]!
C FREP
^
S ~~~other than line 25.[FBEN]!
C FBEN
S ! 28 Seeds and plants
R ~9
S !
R ~10
^
S 18 Feed purchased
R .5
S [FEED]!
C FEED
S !
R ~4
S purchased
R .10
S [FSED]!
C FSED
^
S 19 Fertilizers & lime.[FFER]!
C FFER
S ! 29 Storage and
R ~14
S !
R ~10
^
S 20 Freight & trucking.[FFRG]!
C FFRG
S !
R ~4
S warehousing
R .8
S [FSTR]!
C FSTR
^
S 21 Gasoline/fuel/oil..[FGFO]!
C FGFO
S ! 30 Supplies purchased.[FSUP]!
C FSUP
^
S 22 Insurance (other
R ~9
S !
R ~10
S ! 31 Taxes
R .14
S [FTAX]!
C FTAX
^
S ~~~than health)
R .7
S [FINS]!
C FINS
S ! 32 Utilities
R .10
S [FUTL]!
C FUTL
^
S 23 Interest
R ~17
S !
R ~10
S ! 33 Veterinary fees
R .4
S [FVET]!
C FVET
^
S ~a Mortgage
R .11
S [FINM]!
C FINM
S ! 34 Other expenses
R .5
S [FOTE]!
C FOTE
^
S ~b Other
R .14
S [FINO]!
C FINO
S !
R ~40
^
S 24 Labor hired (less jobs   !
R ~10
S !
R ~40
^
R ~3
S credit)
R .12
S [FLAB]!
C FLAB
S !
R ~40
^
R -80
^
S 35  Total expenses. Add lines 12 through 34
R .22
S !35 !
T F35
^
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 F9
S !(FZ1/FS1/FV1)!36 !
T F36
^
F
^
S PART III - FARM INCOME - ACCRUAL METHOD
R ~41
^
S 38  Sales of livestock` produce` grains and other products.[FLIV]!38 !
C FLIV
^
S 39a Total cooperative
R ~44
S !///!
R ~10
^
R ~4
S distributions.[FTCD/X]!39a!
T F5A
S !~39b Taxable amt.[FTCX]!39b!
C FTCX
^
S 40a Agricultural program
R ~41
S !///!
R ~10
^
R ~4
S payments
R .6
S [FAPP/X]!40a!
T F6A
S !~40b Taxable amt.[FAPX]!40b!
C FAPX
^
S 41  Commodity Credit Corporation (CCC) loans
R ~21
S !///!
R ~10
^
S ~~a CCC loans reported under election
R .22
S [FCCC]!41a!
C FCCC
^
S ~~b CCC loans forfeited or repaid with
R ~27
S !///!
R ~10
^
R ~4
S certificates..[FCCF/X]!41b!
T F7B
S ! 41c Taxable amt.[FCCX]!41c!
C FCCX
^
S 42  Crop insurance proceeds
R .32
S [FCRP]!42 !
C FCRP
^
S 43  Custom hire (machine work) income
R .22
S [FCUS]!43 !
C FCUS
^
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 [FOTH]!44 !
C FOTH
^
S 45  Add amounts in the right column for lines 38 through 44
R .6
S !45 !
T F45
^
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 [FINB]!46 !
C FINB
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 [FCSP]!47 !
C FCSP
S !
R /3
S !
R ~10
^
S 48  Add lines 46 and 47
R .27
S !48 !
T F48
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 [FINE]!49 !
C FINE
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 F50
^
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 F51
^
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' <F2>
B F2
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.~~~
^
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