I established a ranch in 2018. how do I sent up this business?

[Cindy0H]

This would be considered a farm by the IRS. The Internal Revenue Service defines "farmer" in a very broad sense—whether you grow crops, raise livestock, breed fish or operate a ranch.

You will need to upgrade to TurboTax Self-Employed. You will enter the information under Business...Rentals, Royalties, and Farm....Farm Income & Rental.

Here you will be asked details about the ranch and you can enter income and expenses.

If you have other questions about this, ask in the comment section below.

Here is the IRS Pub 225 that may help you:

https://www.irs.gov/pub/irs-pdf/p225.pdf