topic What if we bought land in 2016 as a farm in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-if-we-bought-land-in-2016-as-a-farm/01/662618#M86800 Thu, 06 Jun 2019 09:42:15 GMT tcapps1 2019-06-06T09:42:15Z What if we bought land in 2016 as a farm https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-if-we-bought-land-in-2016-as-a-farm/01/662618#M86800 Thu, 06 Jun 2019 09:42:15 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-if-we-bought-land-in-2016-as-a-farm/01/662618#M86800 tcapps1 2019-06-06T09:42:15Z Land does not make a farm. What makes a farm business is... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/land-does-not-make-a-farm-what-makes-a-farm-business-is/01/662619#M86801 <P>Land does not make a farm. What makes a farm business&nbsp;is net profit. You must have intent to profit and have a reasonable potential to do so or the IRS will&nbsp;claim you&nbsp;have a hobby.<BR /></P> Thu, 06 Jun 2019 09:42:15 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/land-does-not-make-a-farm-what-makes-a-farm-business-is/01/662619#M86801 Cattlerancher 2019-06-06T09:42:15Z