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 - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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