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Eastern SD | Working on tax prep here. One of my least favorite chores but its -15 outside with a stiff wind. But anyway my question is, am i supposed to report to my cpa the inventory of crops in the bin that were grown in 24' but wont be sold till 25'? Or livestock that was born or purchased in 24' but wont sell till 25? How will my banker look at it? With carryover accounted for 24' was a decent year. Without carryover it looks kinda bad.
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Inventory and taxes?
