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Deductions & credits
Need a bit more information first, so we can be sure we are providing you the correct information. You start by saying "we" began a flower farm. If more than one person is the owner of this business, then at a minimum you have a partnership that may require you to file a physically separate 1065 Partnership Return for the business.
Next, it matters if you were actually "open for business" in 2018. It doesn't matter if the business produced income or not in 2018. It matters if you were actually open for business for even one single day in 2018.
In the answerbox below I've provided some "business types" information that you may find helpful with answering the above.
Next, it matters if you were actually "open for business" in 2018. It doesn't matter if the business produced income or not in 2018. It matters if you were actually open for business for even one single day in 2018.
In the answerbox below I've provided some "business types" information that you may find helpful with answering the above.
‎June 7, 2019
3:30 PM