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Level 3
February 1, 2020

Do I have to pay tax on Trump's farm bailout money?

  • February 1, 2020
  • 1 reply
  • 5 views
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1 reply

Level 6
February 1, 2020

Yes.  The amount received should show up on the 1099 received from your county FSA (Farm Service Agency) on the line MFP - Non-Specialty Crops.

IRonMaN
Level 15
February 1, 2020

Why would you think it wouldn’t be taxable, it’s not welfare?  On second thought it is kinda like welfare - good question.

Slava Ukraini!
dgleAuthor
Level 3
February 3, 2020

Kind of snippy, aren't we?