2.02.3 Farming Income and Expense (3)

Question, 問題
If at least two-thirds of your gross income for 2017 or 2018 was from farming, only one estimated tax payment is due. The required annual payment is the

A. Larger of tow-thirds of your total tax for 2018 or 100% of the total tax shown on your full-year 2017 return.

B. Smaller of two-thirds of your total tax for 2017 or 100% of the total tax shown on your full-year 2018 return.

C. Larger of two-thirds of your total tax for 2017 or 100% of the total tax shown on your full-year 2018 return.

D. Smaller of two-thirds of your total tax for 2018 or 100% of the total tax shown on your full-year 2017 return.

The correct answer is 正解は、[D. Smaller of two-thirds of your total tax for 2018 or 100% of the total tax shown on your full-year 2017 return.]
農業従事者の予定納税は当年度見込みの2/3 (66.66%)か前年度の100%のいずれか小さい方です。

2.02.3 Farming Income and Expense (2)

Question 問題
Farmer John, a cash-basis farmer, operates a cow-calf 仔牛 breeding operation. The breeder cows are not primarily 主に held for sale. In addition to the calves raised on his farm, 彼の農場で育てられた仔牛に加えて John also purchases calves for resale. During 2018, John had the following acquisitions 買収 and dispositions 処分 of cattle:
- Purchase of 30 calves for resale $3,420
- Sale of 30 calves purchased for resale $6,100
- Sale of 45 calves raised by John $10,400
- Sale of 10 breeder cows $6,750
- Original cost of breeder cows $5,500
- Accumulated depreciation on breeder cows $2,860
What amount should John include in gross income on his Schedule F for 2018?

A. $13,080

B. $14,510

C. $16,500

D. $18,580

The correct answer is 正解は、[A. $13,080] = $6,100 - $3,420 + $10,400
繁殖(breeding)、搾乳(dairy)、けん引(hauling)目的で保有する家畜を売却した場合はキャピタルゲインとしてSchedule Dに記載します。

2.02.3 Farming Income and Expense (1)

Question, 問題
Dan, a calendar-year taxpayer, has the following amounts of gross income for 2018:
- Wages -- $10,000
- Interest -- $2,000
- Farm income -- $200,000
Dan has tax, including self-employment tax, of $20,000, and withholding of $1,000. To avoid any filing or estimated tax penalties, Dan must

A. File an estimated tax payment by January 15, 2019, and pay 60% of the tax due.

B. File his tax return and pay all tax due by March 1, 2019.

C. File an estimated tax payment by March 1, 2019, and pay 66 2/3% of the tax due.

D. File his tax return and pay all tax due by April 15, 2019.

The correct answer is 正解は、[B. File his tax return and pay all tax due by March 1, 2019.]
GIの2/3(66.66%)以上が農業所得である農業従事者は以下の納税方法を選択可能
① 1月15日に当年度見込みの2/3(66.66%)か前年度の100%予定納税し、4月15日にForm 1040申告納税
② 予定納税せず、3月1日にForm 1040申告納税