knowledge topics
Federal Tax Deductions and Credits for Farming and Fishing
KNOWLEDGE EXPECTED OF: CFP® Professionals Only
- Identify that expenses related to farming can be deducted in the calculation of net farming income.
- Identify that restrictions exist for net farming losses.
- Identify that expenses related to fishing can be deducted in the calculation of net fishing income.
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Define
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Identify
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Explain
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Estimate
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Calculate
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Convert
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Evaluate
To reach a conclusion or make a judgement through careful study
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Interpret
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