FM 1421
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Deductible Livestock Costs for Adjusting 2024 Income Tax Returns

Deductible Livestock Costs for Adjusting 2024 Income Tax Returns image number 0
Deductible Livestock Costs for Adjusting 2024 Income Tax Returns image number 1
FM 1421
fm1421

Deductible Livestock Costs for Adjusting 2024 Income Tax Returns


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Product Description

Estimated deductible costs of production for use in adjusting farm expenses to exclude the cost of producing home-consumed farm produce.

The costs include all cash costs, depreciation, and deductible production costs of homeraised feed. No charge is made for the farm operator’s labor. If hired labor or purchased grain and roughages are used to produce these products, or if high interest costs are incurred, the costs should be increased accordingly. In arriving at production costs, it was assumed that the young animals were raised and fed.

Product Details

Pages / Length: 1

Publication Date: 12/2024

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