Show INCOME SUBJECT TO TAX TAY gains for 1919 must be figured under U S law returns due march 15 LAND SALE PROFITS TAXABLE nece necessary 6 sary farm Ex expense pences may be deducted r form for farm lna in s ie ielah cash or accrual dasia lasis for computing A firmer per or tradesman must up tip lila net income for 1019 1919 and if ilia farm or bushes bushill as income pins I 1 ali Is ott cr er li it come w us sulli clent to rc I 1 aire an income tux tax a coin pith return must be the col electo of revenue by march 15 A tanner farmer s sl out I 1 asci tl ti e gross income of ills fits farm form b couil tins all gains derived from front the sale rate or ex change of lile tits products whether vh ether pro ducca on the farm form or haLd ant and ri resold bold farm expense expenses from tits grom income a farmer furmer Is allowed to cliare oft off all of his tits liebes sary sury pp p ap tati i ippe wit in ili lie the conduct ot of the farm du au tie acar i ar these include fonts of I 1 in biting culah atin liar estine esting and in ili addition to litie cost costa lie i dav deduct money spent for ordinal farni form tools of short life bought dining tho tile near such us site 6 ils Is s etc also the cost of fald ft id purchased purchase fur for lila tits lite stock amny be treated ni as un on expense in so far as this coit 0 t represents presenta rc actual but the alq alao C of lila his own oun products fid to ant niah Is not a it deductible item otice farm exit rises allowable tire the eo cost at of minor repairs on ou buildings building but not the lo bouc uc e on fences aon and farm machinery also ano bills paid for hor stock po powders iders rock salt services of veterinary ansur anco one edict pt on buelling duelling du elling hoube li oue raso gaso lino line for operating op enting power an I 1 sundry other eipl uses u were pre paid for in cash As A to I 1 ired tred help all the productive product le labor Is a de luc tible expense but ia tie e wares age i of household servants or help birtil to t 0 improve the tann farm ds in tree planting ditching etc canoot be ti A farmer Is not allo ed to ti claty i a salary for biro him self or members of ills tits family who M ork on the farm wear and tear ot of farm machinery wag nag ons ns work ork animal animals etc also ta tie e coit cost of construction or extension of build inks ings silos fencing etc should be con sider exl additional InNest investments ments in the farm form and are not cloper deductions against income A rt atonable allowance e may be claimed for wear or and tear on tar farm buildings except the farmhouse bencs machinery work anim ils wag an 4 tanks in niiles an I 1 other fann farm equipment which Is used in the con duct of tl it e form As to butoi on an I 1 tractors the cost of these there Is not an expense although nUlious li the cost of their ikea Is an tin tie luct ln it it tie e mail in toa il are used et ex for form purposes ml till not for pit n nin ne in such cases a it de tie tor for weir unit tiar Is allred farm losse losses the to loss tois is of a crop 1 Is not from income inns much as tl e value of the crop I 1 nd ad not been taken into gross income the it I 1 ss ot n a b lit ill lint or of machI machinery nevy tl it flood etc Is on an allow ija alor but care shout I 1 be used to ascertain the correct loss lobs sustained ns as restricts by income to tax regulations regulation no n deduction Is allowed in the cn case ac of loss loa of animals ral raised ed on the tarn farm but a loss 14 1 4 deduc til ll ie to from gross tn in rome come it if the nials hal been pur put canid for draft or br Leding durpos pur pos L tn in weight iel glit or farin farm product 1 4 held for favorable brict arl cannot be deducted ducted If as a loas for tie reason it tint at hen euch such products pro duts tire sold the shrinkage will ill be reflected in the sc illing price sale of fairro and land the value of tural lints 1 in la has len letin jumping du lillne duing ing the th last few eari und and during 1919 mony many owners sold out I wrt rt 0 ok nil all of their lands landi at dik big profits all 6 ich kalns gains constitute amonte an I 1 must 14 I 1 taken into tho the nit income for the ear any person ba ito odd part of a firm or ranc ai or part of a parcel of lan an I 1 maht also show any gains realized by tl ti e bill 11 alio I 1 of figuring 1 gilito anil and 1 on nii such transactions Is I 1 pre berlt I 1 in tie 11 e income tax regulations coi col les ics of ich alil li ho ile cured floru Inter internal lint Ite Tinie n w collectors form forms for Rt return urns till Ittie nue lias issued nn on lin Im proe 1 lorm I 1 orm tor for tle 14 k ti ka a ft f barners conn form to t gett petar t r with I 1 lonn orm 1010 k or 1010 10 will alve tio tt fanner farmer explicit information no to how to prope properio figure ma his net income for 1010 1019 lire ure 4 of figurine figuring 11 farmers furni cre income tax return this bear lie ile kiy mile his return on tile b enli isis ot of the difference tho the and recel recessed sed for ills tits products product a and still the cash paid out for actual allowable fann farm ex exien tenses sea athla tie dear or he tie may j icke his tits return ori on thi accrual arual basi basis which ilitch conj compute na the receipts and expenses that pertain to the taxable benr excluding income arned larned and u incurred lu in pv pr lous 1 or beam |