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Expenses for FFA project
My daughter received a 1099-MISC for 2024 which was mostly for the sale of an animal in February 2024, however, the animal was purchased in 2023. She also purchased an animal in 2024 but that one was sold in February 2025.
When you document expenses for an FFA project do you list the purchase price of the animal from 2023 or 2024?
March 22, 2025
1:52 PM