A smaller farming operation can use accrual accounting with double-entry methods and still take advantage of §1033 to defer taxation on forced sale profits — but it requires discipline and good accounting records. Let’s break this down so it’s super clear: ✅ YES — Smaller Farms Can Use: ➕ Accrual & Double-Entry Accounting AND 🕒 Section 1033 Deferral for Involuntary Sales But here’s what they need to do to make both work together. 🔧 HOW IT WORKS 🔹 1. Accrual Accounting Benefits Accrual lets you: Track receivables and payables (even…
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