Farmers total all expenses reported on Part II of the Schedule F and report the total on Line 33, Schedule F. Example 1. Georgia has $652,435 of total allowable farm expenses this year. She reports this total on Line 33, Schedule F. Net farm profit or loss is reported on Line 34, Schedule F. This is calculated by subtracting Total Expenses (Line 33, Schedule F) from Gross
Lines 33 - 36 Center for Agricultural Law and Taxation
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