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11/30/95 11/30/96 11/30/97
Food & Lodging
Property tax--house $1,283 $1,567 $1,401
Property insurance--house 540 1,042 1,289
Food for employees 4,406 7,179 7,712
Utilities--house 1,694 2,362 2,235
Depreciation--house 2,357 3,219 3,326
Landscaping 256 216 --
Remodeling costs 1,729 -- --
Repairs and maintenance -- 82 --
Telephone –- –- 338
Food & lodging expenses 12,265 15,667 16,301
Medical
Health insurance 3,007 3,331 3,058
Medical expenses 509 -- --
Medical doctor -- 876 2,378
Dental -- 1,544 --
Prescriptions –- –- 20
Medical costs 3,516 5,751 5,456
2. The Weeldreyers
The Weeldreyers timely filed their joint income tax returns
for 1995, 1996, and 1997. On these returns, the Weeldreyers
reported Mr. Weeldreyer’s wages from Dreyer Farms. They reported
farming income (including their 60-percent share of the
Weeldreyer farm crop) as self-employment income. They did not
report any income attributable to their food, lodging-related,
and medical expenses paid by Dreyer Farms. On Schedules F,
Profit or Loss from Farming, the Weeldreyers reported gross
income, total expenses, and net profit from their separate
farming activities for 1995, 1996, and 1997 as follows:
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Last modified: May 25, 2011