- 4 -
and managed his farming operations. His primary business is
cattle feeding, and his tax home during the years at issue was in
Utah.
After petitioner retired from the Department of the
Interior, he bought three farms in Jackson County, Minnesota,
from the Federal Farm Credit Association; namely, the DeMoore
farm purchased in 1986, the Sioux Valley farm purchased in 1990,
and the Ross farm purchased in 1997. He raised corn and soybeans
on the farms. He used part of the corn crop to feed cattle.
Petitioner bought the DeMoore farm in 1986 for $129,000.
The buildings on the farm included a house, four barns (the hog
raising barn, the granary, the storage building, and a fourth
barn), a pole shed, and two silos. Petitioner used the house as
an office and for his lodging when he was at the farm. He stored
old scrap items in the storage building, allowed others to store
firewood in the pole shed, and parked a “farm car” in the
granary.4 He did not use the pole shed, the silos, or the barns
in his farming operations.
Petitioner purchased the 160-acre Sioux Valley farm in 1990
for $1,375 per acre. The improvements on the Sioux Valley farm
consisted of a house and a well. He did not use the house or the
well in his farming operations.
4Aside from petitioner’s description of the vehicle as a
“farm car”, there is no evidence in the record as to the car’s
use.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011