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Other income, including Federal and 405
State gasoline or fuel tax credit
or refund
On his income tax returns for 1990, 1991, and 1992,
petitioner claimed expenses on Schedules F as follows:
1990 1991 1992
Fertilizers & lime $6,124 $7,980 $7,260
Gasoline, fuel & oil 2,640 2,875 3,251
Insurance 859 1,025 825
Repairs & maintenance 937 4,545 1,987
Seeds & plants 1,661 1,235 1,359
Supplies 879 1,462 1,162
Custom hire 2,565 2,990 2,540
(Machine Work)
Other expenses 954 196 104
Depreciation 7,871 5,622 4,016
Mortgage interest 11,575 10,670 --
Utilities -- -- 4,470
Taxes 1,348 1,226 891
Total 37,413 39,826 27,865
Petitioner reported net farming losses of $7,600 in 1989, $15,460
in 1990, $25,757 in 1991, and $7,595 in 1992. After concessions,
respondent agrees that petitioner incurred allowable farm
expenses in 1990, 1991, and 1992 as follows:9
1990 1991 1992
Feed $32,947 $25,123 $18,403
Fertilizers & lime 188 1,850 4,508
Gasoline, fuel & oil 2,544 713 2,060
Insurance 504 504 504
Repairs & maintenance 762 368 148
Straw 240 -- 3,208
Veterinary 207 -- --
Seeds & plants 540 -- 1,062
9 These allowable expenses are in addition to the Best Ever
Dairy, Rochester Sale Barn, and Stony Pike expenses netted
against income.
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