Question
Grant from County Reported as 1099-MISC Income
I received money from my county in exchange for agreeing to take land I own out of agricultural production (and no longer receiving rent from a tenant farmer) and replace the production of agricultural commodities with establishing a permanent cover crop of native plants for a period of at least 15 years. I received a 1099-MISC from my county. I also incurred significant expenses in establishing the native plants. My question is whether I can deduct those expenses from the grant income I received.
