Deductions & credits

If the farm is now a second home instead of a farm, then it is not a farm and you can't deduct farm expenses. You would deduct property taxes as real estate property taxes on Schedule A and insurance premiums are not deductible. You can't have it both ways. It either is a farm and you deduct farm expenses, or it is a second home and you deduct as a second home, not a farm.

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