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Revised version of "Ag Income Tax Update for Farm Families" is now available

A revised version of “Ag Income Tax Update for Farm Families” is now posted on the University of Minnesota Extension Ag. Business Management website.  The revised fact sheet is posted on the Farm Tax and Legal Issues page (please see link below).
This revised version addresses farm tax issues that will impact producers for the 2017 income tax year.  The recently passed tax reform has a very limited effect on a producer’s 2017 tax return.  I’ve confined the discussion in this document to what matters for 2017.  I will address the components of the new tax reform legislation later in the spring. 
Please feel free to contact me via email if you have any questions.  My email address is:
I want to wish everyone a safe and prosperous new year!
Thank you.

Rob Holcomb

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