Posted by Taxprosites.com on 10/7/04 Prepared by Back to Basics Seminars

NAME________________________________ BUSINESS NAME______________________________

INCOME:

Sale of livestock – bought for resale (not milk cows) . . . . . . . . . . . . . . . . . . . . . . . . . . _______________

Cost of livestock – bought for resale (not milk cows) . . . . . . . . . . . . . . . . . . . . . . . . . . _______________

Sale of things you raised: Milk_______________ Hay_______________

Calves_____________ Other______________

Other farm income:

ASCS Payments_______________ Patronage Dividends_______________ Other________________

Machine Work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _______________

State Gas Refund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _______________

Sale of milk cows you purchased (see back) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _______________

Sale of milk cows you raised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _______________

EXPENSES:

(Leave out any part that is for your house or your family. Add expenses deducted from your milk check).

Car & truck expenses _______________ Rent or Lease:

Machinery & Equipment _______________

Other _______________

Chemicals _______________ Repairs _______________

Custom Hire _______________ Seeds and Plants _______________

Feed & Hay _______________ Storage & Warehouse _______________

Fertilizers & lime _______________ Supplies _______________

Freight & trucking _______________ Taxes _______________

Gasoline, fuel/oil _______________ Utilities _______________

Insurance: Veterinary, breeding & drugs _______________

Health _______________

Farm _______________ Hired Man meals _______________

Farm vehicle\house__________

Personal car _______________ Advertising & Promotion _______________

Workmans Comp_____________

Accounting\tax preparation _______________

Interest:

Mortgage _______________ Tenant house expenses _______________

Other _______________

Co-op dues _______________

Labor Hired _______________

GALLONS OF GASOLINE USED OFF ROAD (do not include car/truck) _______________

Other expenses _________________________________________________________________________

COWS SOLD OR DIED THAT YOU BOUGHT

DATE BOUGHT DATE SOLD (DIED) COST SALE PRICE

COWS AND EQUIPMENT BOUGHT

WHAT WAS BOUGHT DATE COST AFTER TRADE-IN WHAT WAS TRADED IN

EQUIPMENT SOLD (NOT TRADED)

WHAT KIND DATE SOLD DATE BOUGHT SOLD ($)