All Things Tax

All Things Tax

Like the title says, from the filing process and tax questions to tax policy and reform, you can search and share All Things Tax here. This is the place to find answers to all your general questions that don't fall under the other categories. And just a reminder: questions about software or online filing should be posted in DIY Products.

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Pioneer
Posts: 1
Registered: ‎09-08-2017

Schedule F

We have started a cattle business and I have a question on schedule f. when we sell cattle to the auction yard for schedule f, income, do I report the gross or the net? On the check their are fees taken out (veterinarian, branding inspection, ect).

 

Also for cattle that we buy and then later sell do I report the purchase in the year it was purchased or only at the time of the sale?