USDA Redefines "Wealthy" Farms

Eligibility for Farm Programs in Question

Adjusted Gross Incomes above $900,000 make individuals ineligible for farm program payments, but USDA rules mean only legal entities like LLCs, LLPs and Sub S corporations are disallowed an adjustment for Sec. 179 depreciation in the formula. (File photo)
CPAs balk at ignoring Sec. 179 depreciation in Adjusted Gross Income formula.

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