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Tax deductions question for breeding stock
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<blockquote data-quote="Bright Raven" data-source="post: 1516839" data-attributes="member: 27490"><p>Vince - those cost share monies are treated as income during the year they are awarded. They send you a 1099. I don't have my tax return in front of me but there is a specific line on Form 4797 for that type of income.</p><p></p><p>Edited to add: I need to get a tax agent. As I get older, it gets more difficult.</p></blockquote><p></p>
[QUOTE="Bright Raven, post: 1516839, member: 27490"] Vince - those cost share monies are treated as income during the year they are awarded. They send you a 1099. I don't have my tax return in front of me but there is a specific line on Form 4797 for that type of income. Edited to add: I need to get a tax agent. As I get older, it gets more difficult. [/QUOTE]
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Tax deductions question for breeding stock
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