It all seems rather quaint now. Come the second week of February we swept aside the place mats, salt and pepper shakers, and napkins from our table and replaced them with ledger sheets, a calculator, pencils and pink rubber erasers. We girded our loins and pulled the thick booklet labeled Form 1040 from the file cabinet underneath the desk in our all purpose kitchen. I made another pot of coffee.
It was tax time.
Time to make an accounting of our year past. Time to add the machinery and equipment purchases to the depreciation schedule....spread across 10 columns for the straight line property...seven years for grain bins and greenhouses, tractors and planters, three years if we had purchased a pickup. The ledger sheet was the measure of the progress of our business: not just capital but stuff you could touch, use, drive, park, and, of course, repair. Those first ledgers were the baby steps of our farming career: fences, corn cribs, share John Deere 4630, share disk, share plow.
|Blake dumping a 1974 Ford|
|Ben, deduction year 1986, in the 1983 GMC white truck|
We ate off plates in the living room while the table was covered with taxes. The kids thought it was great and offered company and moral support to their dad.
|Lee, deduction year 1979 and Ann, 1980, help Blake with taxes|