It appears you are using Home and Business, if so great! That's the best version to work with when operating a farm business. You will file a schedule F which will be included in your personal 1040 tax return. It is not unusual to have losses when you begin a for-profit business. This is called a Net Operating Loss (NOL). Enter your expenses in the Farm Income and Expense section. The trees and ATV should be depreciated as farm assets. TurboTax has preselected categories for depreciation so you use the correct recovery periods. Your other usual and ordinary expenses are entered under Farm Expenses.
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