I am at the farm income section > Enter Farming Expenses of TurboTax. I am presented with a series of text fields with different categories to enter my expense. For example. Chemicals, Feed Purchased, Fertilizers and Lime, etc.
I purchased a dozen bags of mulch for my pecan trees last year. Where do I enter mulch?
I'm thinking any one of these categories?
Chemicals, Conservation Expenses, Feed Purchased, Fertilizers and Lime, Seeds and Plants.
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Choose whatever category makes sense to you - or enter it under Other Miscellaneous Expenses with a custom description. Note: If you enter a general farming expense in the wrong category, it will not affect your taxes. Just be sure you don't enter the same expense twice.
Choose whatever category makes sense to you - or enter it under Other Miscellaneous Expenses with a custom description. Note: If you enter a general farming expense in the wrong category, it will not affect your taxes. Just be sure you don't enter the same expense twice.
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