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<blockquote data-quote="herofan" data-source="post: 1499168" data-attributes="member: 17843"><p>Not an expert here, but I've always been a little confused by the "loss" thing myself. A couple of years ago when my daughter started college, we filled out all the forms to see if she qualified for any financial assistance. Everybody told me that because I have a farm, we would get a lot of help. We were at orientation day with other parents and they passed out the financial forms that showed results, and having a farm didn't make a splash on ours, but there was a lady I knew well who is a farmer, and it seemed to work for her. We kinda scratched our heads a few minutes, and she said, "Of course, we always show a loss each year." </p><p></p><p>I don't know how or why to show a loss if I don't actually have one. My operation isn't big enough that I'm making a living from it, but I'm certainly making a little profit; if I weren't, how could I go on year after year?</p></blockquote><p></p>
[QUOTE="herofan, post: 1499168, member: 17843"] Not an expert here, but I've always been a little confused by the "loss" thing myself. A couple of years ago when my daughter started college, we filled out all the forms to see if she qualified for any financial assistance. Everybody told me that because I have a farm, we would get a lot of help. We were at orientation day with other parents and they passed out the financial forms that showed results, and having a farm didn't make a splash on ours, but there was a lady I knew well who is a farmer, and it seemed to work for her. We kinda scratched our heads a few minutes, and she said, "Of course, we always show a loss each year." I don't know how or why to show a loss if I don't actually have one. My operation isn't big enough that I'm making a living from it, but I'm certainly making a little profit; if I weren't, how could I go on year after year? [/QUOTE]
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