- 7 -
Petitioners deducted the following amounts of farm expenses
for tax years 1993 to 1998:
1993 1994 1995 1996 1997 1998
Seeds and 132 354 423 1,320 638 -–
plants
Fertilizers 352 -- –- 19 2 -–
Labor –- 80 150 –- –- –-
Custom hire 613 10,721 1,107 –- –- –-
(machine
work)
Advertising –- -- –- –- –- 688
Depreciation1 3,331 3,550 3,243 2,268 718 483
Car and truck 896 870 1,200 1,307 1,242 383
Mortgage
interest –- 3,955 3,556 3,533 4,030 –-
Gasoline 1,456 2,595 1,844 1,781 1,359 709
Repairs and
maintenance –- 3,325 963 133 215 1,532
Insurance 362 388 429 451 916 --
Supplies 1,531 1,756 3,235 1,149 4,427 274
Taxes 433 351 390 459 487 –-
Utilities 400 450 520 560 560 –-
Machine parts –- –- –- 905 –- –-
Legal fee –- –- –- 40 –- –-
1 Petitioners depreciated a truck, a mulch sweeper, a
generator, a compressor, a pump, and chain saws.
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Last modified: May 25, 2011