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Business & farm
This is my 3rd tax year crop farming, it actually does make a profit and has each year except that I'm allowed to deduct the interest from the loan I purchased the land with, and that as pushed it to the loss side each year so far. I am doing it to make money, more then just a hobby. I can reduce expenses in a calendar year and make those purchases the previous or following in some cases, where I could actually show a profit every couple years or so. But, till I get that loan paid down, or I don't claim the interest in my farming expenses, was wondering what my options were.
‎December 21, 2021
12:10 PM