Posted 2/1/2010 19:16 (#1053067 - in reply to #1052899) Subject: RE: president's budget and farm program
nc ks
for the time being, it is your net income on schedule F and your income on 1040 before you take your standard deductions or itemize. On a cattle disaster program a few years back they were interpreting it as your gross, even before you took the purchase cost of feeder cattle out, talk about some p-o'd ranchers.