It does get rather complicated because first, you have to define "income". Fruit, vegetables, and other produce grown in a small garden, even if only for your own use, technically is "income" in the eyes of the IRS, but if a person does declare garden produce as income, then I would think a person could deduct the cost of machinery and labor needed to produce that income, even if no actual sales take place. I'm sure I do not understand the whole thing. The tax laws are purposely written so they can be "interpreted".
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Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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