sem10624
New Member

Retirement tax questions

This 2019 exchange caught my eye during a search related to farm expenses. 

 

What's the threshold of farm sales to meet in order to claim expenses in tax filing? I.e. if I sold just 1 dozen eggs from my hen flock, is that enough to be able to claim their feed and water for the tax year or is there a threshold to meet? Same question with regard to livestock.

 

Thanks for reading and responding.