Re: I have a small farm. Can I deduct part of the water, power, and mortgage. I have a land dedic...

I have a small farm. Can I deduct part of the water, power, and mortgage. I have a land dedicated for the farm which is also my resident. If so what expense category?

What documents do I need to support % of deduction?

posted

Yes, see About Publication 225, Farmer's Tax Guide page 19.

You may like Agriculture Tax Center which is part of the Small Business and Self-Employed Center. You can sign up for newsletters, watch videos, and get help.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"