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Subject:
Item Title: Dealing With a CCC Loan in Your Farm Business?
Summary:
Are you a farmer pledging all or part of your production to secure a CCC (Commodity Credit Corporation) loan? You may not be properly reporting market gain when you use CCC certificates to pay off your loan. Click Full Article to learn about how the IRS treats repayment of these loans.
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In accordance with Internal Revenue Service Circular 230, we advise you that unless otherwise expressly stated, any discussion of a federal tax issue in this communication or in any attachment is not intended to be used, and it cannot be used, for the purpose of avoiding federal tax penalties.