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ksmelton
New Member

How many years can you carry forward a conservation expense that has the 25% limit of farm income?

Schedule F line 12 has a conservation expense limit of 25% of income. how many years can you carry forward the expense?

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PatriciaV
Employee Tax Expert

How many years can you carry forward a conservation expense that has the 25% limit of farm income?

You can carry the unused deduction until it is used up. However, the deduction in any later year is limited to 25% of the gross income from farming for that year as well.

See IRS Pub 225 Farmer's Tax Guide

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1 Reply
PatriciaV
Employee Tax Expert

How many years can you carry forward a conservation expense that has the 25% limit of farm income?

You can carry the unused deduction until it is used up. However, the deduction in any later year is limited to 25% of the gross income from farming for that year as well.

See IRS Pub 225 Farmer's Tax Guide

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