Posted by paul on April 22, 2015 at 12:54:24 from (76.77.197.114):
In Reply to: Re: Ag or Industrial? posted by Adirondack case guy on April 22, 2015 at 10:48:29:
Fedral taxes, you just need to file a schedule F, don't need to really make a profit, tho eventually you need to prove you intend to make a profit and not just be a money losing hobby. In general filing a schedule F eventually costs a person some income taxes, so people don't file them for no reason; if you file you likely are trying to actually farm......
This is the best general test of 'are you a farmer' without costing any other govt any sort of dollars to check up or follow through - just see a copy of last yars schedule F, and good to go.
Individual states have come up with some ideas on needing 10 acres; or need to gross $1000 to $10,000 in farm income; or some such. But all of this means the local/state govt needs to follow up and find proof of those claims, which is more paperwork and cost to the local govts. Or don't really prove you are farming......
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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