dk603
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We would be farming for profit. Curious about the expenses though. Wouldn't they be a business startup costs ?
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Thanks. I appreciate the answer. I'd like to explore the intent to start a farm portion of this. The initial part of this build is clearing the land to create p...
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Thanks for some clarification. I'm not sure I've fully wrapped my head around this yet. As I mentioned earlier I set up the LLC primarily for the protection if ...
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The intent is to live in the home but it might be sold depending on the situation at the end of the build. Part of the reason we set it up as a business is that...
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Ok. I'm thoroughly confused now. I worded the question as this was going to be a self build and I was acting as my own general contractor. The answer sounded li...
Activity Feed for dk603
- Posted Re: Acting as my own general contractor and have it set up as a business. Does QBI apply? on Business & farm. April 18, 2023 5:44 PM
- Posted Re: Acting as my own general contractor and have it set up as a business. Does QBI apply? on Business & farm. April 18, 2023 5:19 PM
- Posted Re: Acting as my own general contractor and have it set up as a business. Does QBI apply? on Business & farm. April 18, 2023 4:41 PM
- Cheered Re: Acting as my own general contractor and have it set up as a business. Does QBI apply? for KrisD15. April 18, 2023 4:17 PM
- Posted Re: Acting as my own general contractor and have it set up as a business. Does QBI apply? on Business & farm. April 17, 2023 12:29 PM
- Posted Re: I set up a business for my self-build (new home). What can I deduct if I am operating as my own general contractor? on Business & farm. April 17, 2023 11:53 AM
- Posted Re: I set up a business for my self-build (new home). What can I deduct if I am operating as my own general contractor? on Business & farm. April 17, 2023 11:00 AM
- Posted Re: Acting as my own general contractor and have it set up as a business. Does QBI apply? on Business & farm. April 17, 2023 4:38 AM
- Posted Re: I set up a business for my self-build (new home). What can I deduct if I am operating as my own general contractor? on Business & farm. April 16, 2023 2:51 PM
- Posted Acting as my own general contractor and have it set up as a business. Does QBI apply? on Business & farm. April 16, 2023 2:08 PM
- Posted Re: I set up a business for my self-build (new home). What can I deduct if I am operating as my o... on Business & farm. April 16, 2023 2:02 PM
- Posted I set up a business for my self-build (new home). What can I deduct if I am operating as my own general contractor? on Business & farm. April 16, 2023 12:04 PM
- Posted Can I deduct interest paid on the tractor I financed for my business? on Business & farm. April 16, 2023 11:53 AM
- Posted Can I deduct the insurance payments on the tractor I use for my business? If so where do I enter that? on Business & farm. April 16, 2023 11:32 AM
- Posted How can my married child qualify as an IRS dependent child? on Deductions & credits. February 27, 2023 5:42 AM
- Posted Can I claim my adult child and his wife as dependents if the live with us and pay rent? on Get your taxes done using TurboTax. July 28, 2022 7:35 AM
- Posted Re: Can I carry over previous year's business expenses if I have taken the standard deduction in ... on Deductions & credits. March 9, 2022 8:23 AM
- Posted Can I carry over previous year's business expenses if I have taken the standard deduction in those years? on Deductions & credits. March 9, 2022 8:05 AM
- Posted And is this what you were billed or what you paid? on Deductions & credits. May 31, 2019 7:42 PM