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1040 Schedule F Line 18
Line 18 on 1041 Schedule F is for "Freight". I've been using this to report only freight paid to ship my farm products out. I've been advised that I should also include freight paid on items (fertilizer, etc.) I purchase and have shipped to me. Is this true? Up to now I have been including that as the cost of the incoming item. Schedule F instructions say I should do that for purchased livestock so I figured it should apply to all purchases.
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‎October 2, 2022
5:16 PM