TN 7 (06-90)
In general, all cash expended in the operation of the farm is allowable as a deduction from gross farm income.
Some kinds of expenses are listed below. This list is not all inclusive.
Feed for livestock
Seed, plants, seedlings
Farm supplies
Breeding fees
Fertilizer and lime
Crop insurance
Subscriptions to farm periodicals
Fees for testing livestock
Expenditures related to or arising out of the farm, but are not for capital expenditures nor personal living expenses.
Reasonable wages for the work done by a member of the farmer's family.
Depreciation (including livestock).