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July 3, 2022
Question

Farm Loss

  • July 3, 2022
  • 1 reply
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We have been filing a farm loss for over ten years, 2 to 3 thousand a year. we owe a required, annual irrigation dues and we are required to clean our section of the ditch each year. We will always have some kind of expense. We maintain and care for 100 grape vines and have had occasional success in the past but not very much recently. We need advise on how best to proceed. Should we just stop claiming the farm?

Thanks for the help, mq

    1 reply

    Employee
    July 3, 2022

    This article is a few years old, but may be helpful:

    How Many Consecutive Years Can You Claim a Farm Loss? (pocketsense.com)

    mq2Author
    July 6, 2022

    Thank you.