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Get your taxes done using TurboTax
Exactly! I agree with you! He could maybe start another business that is separate and then install the fence and then bill his farm business the $100. Not sure that would pass audit if he is not also doing jobs off the farm doing similar work for hire. I am all for trying to figure out legal ways to offset the taxes if we claim it as a business and not a hobby.. There is a lot of mental gymnastics going on above in the scenarios as stated.
‎January 26, 2025
10:14 AM