What is Farm Income for a C Corporation?
Agribusiness Blog
JUNE 9, 2022
We had a reader ask the following question: “How do you compute non-farm income & expenses for Form 1120?” Adjusted gross income (AGI) for a C corporation is much easier to calculate than for other taxpayers. It is simply the total amount of taxable income reported on line 30 (total taxable income) plus line 19 (charitable contributions).
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