turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I recently bought agricultural land to begin a farm business. How do I deduct fruit trees purchased?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Carl
Level 15

I recently bought agricultural land to begin a farm business. How do I deduct fruit trees purchased?

YOu don't "deduct" items purchased that will be used to produce income. They get listed in the assets section and depreciated or depleted over time. So deal with that in the assets section.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies