Can losses from a farm be used to offset W2 income in the same year? Where one spouse farms FT (no other job) and the other spouse farms and collects a W2 from a "day job"?

Brian99 · ‎February 28, 2025

RobertB4444 · ‎February 28, 2025

Yes. If the farm is a genuine business and attempt to earn income but still operates at a loss then the loss from the farm will carry over onto your 1040 as a negative number to offset any other income that you have there.

@Brian99

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RobertB4444 · ‎February 28, 2025

Yes. If the farm is a genuine business and attempt to earn income but still operates at a loss then the loss from the farm will carry over onto your 1040 as a negative number to offset any other income that you have there.

@Brian99

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Can losses from a farm be used to offset W2 income in the same year? Where one spouse farms FT (no other job) and the other spouse farms and collects a W2 from a "day job"?