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February 6, 2020
Question

Deductions for small family ranch

  • February 6, 2020
  • 1 reply
  • 0 views

Is there a way to claim feed and ranch supplies as deductions if we do not receive income through it?

    1 reply

    Carl11_2
    Employee
    February 6, 2020

    If it's not set up as a business with the intent of making a profit and reported on SCH F or SCH C  then you have nothing to deduct from anything.