415533
Total property size is 123 acres - 16 acres are rented as farmland.
You'll need to sign in or create an account to connect with an expert.
Unfortunately, unless the area that was sprayed is also your rental property, that cost would not be deductible on Schedule E.
If you report the timberland on Schedule F (farming/agriculture) or Schedule C (business), you would be able to deduct the cost of the spraying as a Farm/Business Expense.
Unfortunately, unless the area that was sprayed is also your rental property, that cost would not be deductible on Schedule E.
If you report the timberland on Schedule F (farming/agriculture) or Schedule C (business), you would be able to deduct the cost of the spraying as a Farm/Business Expense.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
afletchertfc
New Member
britneydibble
New Member
becca92335
New Member
skenyonjr
New Member
doug-sue98
New Member