Is there a limitation on expense deduction for conservation expenses related to the Eqip program? Pub 225 on page 30 says yes there is limitation of 25%? It is unclear?
I'm receiving SS but did not reach full retirement age this year. I earned more than 15k on Royalties. I had production tax deductible expenses for the royalties. Will SS calculate what I owe based on the full amount or the amount after deductions?