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......
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Farmall 460: That's My Girl - by LeAnn R. Ralph. How many sounds can you think of that are as familiar to you as your own breathing? What about the hum of your refrigerator? Or the thump of your clothes dryer? Maybe the engine of your car? You hear those sounds every day, and you don't think much about them, do you. I can think of a few common, ordinary sounds in my daily life, too.
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
