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Sep 11, 2024
9:09:08pm
qwerew All-American
Farmers, I'm told I need a small "farm" because of so many tax write-offs. Are
there really lots of ways to find tax benefits, write-offs/overhead exceptions with farming or is just similar to any other business with overhead expenses? How many acres qualifies as a "farm" and what type of things can I expense out? can I expense out building shop? buying a pickup? a four wheeler? tractor? toilet paper for the shop bathroom? weed killer, hoses and on and on. Would those types of "expenses" decrease my taxable income?
qwerew
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qwerew
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Aug 17, 2006
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Sep 19, 2024
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