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

[ksmelton]

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

[PatriciaV · Accepted solution]

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