JMH351
Returning Member

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.