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Pastimes : Where the GIT's are going
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To: Oral Roberts who wrote (161737)3/31/2008 5:02:01 PM
From: Ish   of 225578
 
<<Flexibility is great since I'm trying to get my personal taxes done.>>

I filled out my questionaire and took it to the CPA last week. I'm dreading looking at the results. Wife spent so much on remodeling last year she cashed in a $50k paid up whole life policy and that gets taxed. If she would have told me first I would have given her the money.

Then the farm. When prices were low I started saving some grain in storage. 30 cents in storage worked out to $2.50 more per bushel with no production costs. I had prepaid all the costs for last years crop so with the jump in prices and my prepaids my income for the year tripled.
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