In our last post we indicated that a farmer could prepay farm cash rent for the following year by writing a check on December 31 and having the landlord receive it in 2023. This would allow the landlord to report the income in 2023. A reader then sent us the following in response:
Related Parties Don't Count
Related Parties Don't Count
Related Parties Don't Count
In our last post we indicated that a farmer could prepay farm cash rent for the following year by writing a check on December 31 and having the landlord receive it in 2023. This would allow the landlord to report the income in 2023. A reader then sent us the following in response: