Here's the question I don't understand "Would XXXX like to use the Farm Optional Method to calculate self-employment tax?""
If I click Yes I get a lower amount of refund on Federal but higher on State.
I click No (I get a higher ($775 difference) refund for Federal but a little lower refund ($30) for State, I've researched alot coming up short, only things I'm finding is that "You can use this method if you have income from farming, non-farm income, or a combination of both. You can use the optional method only five times in your life when reporting non-farm income. There is no limit on using the optional method of reporting farm income."
So my questions are, if I can only use this 5 times in my lifetime, when do I know when a "good" time to use it is?
Or do we fall under the no limit on using because it's ALL farm income?
Also why would farm self employment tax be higher then a different self employment profession, meaning if I elect to use the Farm Option method, I get a lower return?
