Contributing grain allows you to avoid the sale of the commodity as income, while the production costs may still be deductible. Reducing the taxable income may provide advantages such as minimizing or eliminating your self-employment tax and reducing your adjusted gross income.
Call the parish office (515-955-6077) to let us know you intend to transfer grain and when you anticipate the delivery to the elevator.
Deliver the grain to the elevator.
Tell the Co-op you intend to transfer the grain to Holy Trinity Parish.