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On a farm, can solar panel income go on a schedule F as farm income, or doesn't it need to be on a schedule C as non-farm income?
We have a farm and file a Schedule F. We've recently installed solar panels that generate income. Can the income from these go on the Schedule F as farm-income, or do they need to go on a Schedule C as non-farm-income?
In the similar situation, if we host weddings or photography on the farm (agro-tourism), is that also farm income or non-farm income?
In the similar situation, if we host weddings or photography on the farm (agro-tourism), is that also farm income or non-farm income?
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‎February 18, 2022
2:26 PM