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Farm Losses


Christian

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I wonder sometimes if the small farmers I prepare returns for ever show a profit. They seem to go on for years and never turn a plus sign. I had only one to ever be audited and he had posted losses for well over ten years. The lady came to his home and found he had a gas tank on the place and had not taken the credit for gasoline used off highway. He had maintained immaculate records and after some time received a CHECK for fuel taxes paid !! He continued to post losses until the day he died.

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