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Deductions & credits
@LHickeyTexas wrote:
....To try to make it a profitable business year on year.
The facts you presented certainly make the operation appear to be a business (as in a resort) as opposed to a farming operation. As such, this enterprise may be required to report on Schedule C.
I would suggest that you seek a consultation with a local tax professional.
‎January 12, 2021
8:00 AM