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kjwynn69
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Can i take a honeybee apiary off my taxes?

 
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Opus 17
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Can i take a honeybee apiary off my taxes?

If you report self-employment income on schedule C, you can deduct "ordinary and necessary" business expenses.  So if you are in the business of raising bees or selling honey, and you report income on a schedule C, you can deduct any expenses.  If this is a hobby, you can't deduct expenses related to a hobby. 

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Opus 17
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Can i take a honeybee apiary off my taxes?

If you report self-employment income on schedule C, you can deduct "ordinary and necessary" business expenses.  So if you are in the business of raising bees or selling honey, and you report income on a schedule C, you can deduct any expenses.  If this is a hobby, you can't deduct expenses related to a hobby. 

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