Solved: We built a house on our farmland. Can we count the cost of building as farm expenses? We have no farm income yet, aside from government program income (CRP).
We built a house on our farmland. Can we count the cost of building as farm expenses? We have no farm income yet, aside from government program income (CRP).
We built a house on our farmland. Can we count the cost of building as farm expenses? We have no farm income yet, aside from government program income (CRP).
No, you can not deduct personal or living expenses that do not produce farm income. Even if you had income from the farm, this would still be personal expense, not a farm expense.
We built a house on our farmland. Can we count the cost of building as farm expenses? We have no farm income yet, aside from government program income (CRP).
No, you can not deduct personal or living expenses that do not produce farm income. Even if you had income from the farm, this would still be personal expense, not a farm expense.
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