"Farm Income and Expense Worksheet"

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FARM INCOME AND EXPENSE WORKSHEET ________
(year)
Name ______________________________________________________________________________
Principal Activity _______________________________________ Principal Product __________________________
FARM INCOME
Sale of livestock and other items purchased for resale (do not include animals used for draft, breeding, dairy or sport)
ITEMS SOLD
COST
AMOUNT RECEIVED
Sale of raised livestock and produce
Other Farm Income
Amount Received
Amount Received
Cattle
Agricultural Program Payments
Sheep
Cash
Swine
Materials & Services
Poultry
Commodity Credit Loans
Dairy Products
Crop Insurance Proceeds
Eggs
Machine Work
Wool
Gas Credit Refund (from last Return)
Cotton
Other
Tobacco
Soybeans
Corn
Other Grains
Hay & Straw
Fruits & Vegetables
Sale of Livestock (draft, breeding, dairy, or sport) and Sale of machinery, equipment, or land
Item Sold
Date
Selling Price
Expenses
Date Acquired
Cost
MAJOR PURCHASES & IMPROVEMENTS
Item Purchased
Date
Cost (including sales tax)
New / Used
Item Traded
* * CHECK LAST YEARS DEPRECIATION SCHEDULE TO BE SURE ALL ITEMS ARE CURRENT * *
Questions: __________________________________________________________________________________________________
___________________________________________________________________________________________________________
___________________________________________________________________________________________________________
FARM INCOME AND EXPENSE WORKSHEET ________
(year)
Name ______________________________________________________________________________
Principal Activity _______________________________________ Principal Product __________________________
FARM INCOME
Sale of livestock and other items purchased for resale (do not include animals used for draft, breeding, dairy or sport)
ITEMS SOLD
COST
AMOUNT RECEIVED
Sale of raised livestock and produce
Other Farm Income
Amount Received
Amount Received
Cattle
Agricultural Program Payments
Sheep
Cash
Swine
Materials & Services
Poultry
Commodity Credit Loans
Dairy Products
Crop Insurance Proceeds
Eggs
Machine Work
Wool
Gas Credit Refund (from last Return)
Cotton
Other
Tobacco
Soybeans
Corn
Other Grains
Hay & Straw
Fruits & Vegetables
Sale of Livestock (draft, breeding, dairy, or sport) and Sale of machinery, equipment, or land
Item Sold
Date
Selling Price
Expenses
Date Acquired
Cost
MAJOR PURCHASES & IMPROVEMENTS
Item Purchased
Date
Cost (including sales tax)
New / Used
Item Traded
* * CHECK LAST YEARS DEPRECIATION SCHEDULE TO BE SURE ALL ITEMS ARE CURRENT * *
Questions: __________________________________________________________________________________________________
___________________________________________________________________________________________________________
___________________________________________________________________________________________________________
FARM EXPENSES
Item
Amount
Item
Amount
Car & Truck Expense (Below)
Pension & Profit Sharing Plans
Chemicals
Rent – farmland
Conservation Expenses
- pasture
Custom Hire (Machine Work)
- equipment
Depreciation
Repairs & Maintenance
Employee Benefits
Seeds & Plants Purchased
Feed Purchased
Storage, Warehousing
Fertilizer & Lime
Supplies Purchased
Freight, Trucking
Taxes
Gasoline, Fuels, Oil
Utilities
(for farm use only)
Veterinary Fees, Breeding & Medicines
Non-Highway Gas (gals)
Other (specify)
Non-Highway Oil (gals)
Advertising
Insurance
Attorney & Professional Fees
Mortgage Interest
Bank Charges (business)
Paid to Financial Institution
CCC Deduction
Paid to Individuals
Farm Organization Dues & Publications
(include name & address)
Meals Served Hired Help
Other Interest
Office Supplies & Postage
Labor Hired
Licenses
Travel – Overnight Lodging & Food
Land Clearing
CAR & TRUCK EXPENSES
Year, Make & Model
Date Purchased
Cost
Trade in Allowance
Mileage - End of Year
- Beginning of Year
Total Business Miles
Parking & Tolls
Interest
License & Sales Tax
Gas, Oil, Lubes
Repairs, Washing, Waxing
Tires, Batteries, Supplies
Insurance
Other
Mileage _______ @ ________ = _________
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