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Business & farm
You don't have to plant something in the ground to be a farmer ... think of fish farms for example.
If you use the Sch F instead of the Sch C there are different categories of expenses listed more suited to your business ... look at a Sch F to see what I mean ... you can use either form since they will both do the same things in the long run. https://www.irs.gov/pub/irs-pdf/f1040sf.pdf
May 5, 2020
5:30 AM