R&D: Which Costs Count

Only the extra dollars from experimenting qualify
Course #: FN-041
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Field Note Description

Did some real experimenting on the farm this year — test plots, a control strip, side-by-side trials? There may be a tax credit for it, but the number that counts is smaller and more specific than most farmers assume. This Field Note explains why only the extra costs of an experiment qualify, the three kinds of extra to track, and what to ask your preparer before you add anything up.