A gift of grain to Joy Ranch of SD provides positive tax results for the donor. Gifting grain generally results in a lower adjusted gross income for the donor because the sale of the gifted grain will not be reported as income on the donor's income tax return. Reduced taxable income can potentially lessen the amount of income tax and self-employment tax owed by the donor.
Call or email, we can lead you through it. Here is what you need to know as a farmer looking to make a charitable gift of grain:
