Originally Posted by scambo1

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TSquare;
Actually not true. The schedule F baby!!!!!!!! Farm writeoffs. 10 or more acres of which at least 5 are in the farmed product. Gives you the section 179 expense (110k per annum) and the ability to writeoff fuel, oil, tools, buildings, maintenance, big frikkin toys, etc. Additionally, when the state approves your farm, you become sales tax exempt at places like lowes, tractor supply, the john deere dealer, when you buy a truck or register a camper.

You have to know the rule the politicians put in place to benefit themselves. And yes 10 acres of swampland counts.

Not intended as tax or investment advice.


Scambo
Scambo