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Level 1
Jan 2, 2026 4:42 PM UTC
Question

Hobby farm

I have a small hobby farm and was wondering if I could deduct my costs for the livestock and I also sold some fresh eggs. If so, where do I put this when doing my own taxes?

 

    1 reply

    Mike9241
    Level 15
    Level 15
    Jan 2, 2026 4:54 PM UTC

    if farming is a hobby revenue is taxable and costs are not deductible.  report revenue on schedule 1 line 8

    IRC code section 183 deals with activities not engaged in for profit. hobby 

    Mike9241