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March 16, 2024
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Can a farm that is a sole proprietorship write off county property tax?

  • March 16, 2024
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Best answer by LeticiaF1

Yes, you can claim both real estate taxes and property taxes paid for assets used in your farm on your Schedule F.   Schedule F is the form that is used to report income and expenses for farms.  If you would like more information about Schedule F see the following TurboTax help article:

 

What is Schedule F: Profit or Loss from Farming

1 reply

LeticiaF1Answer
March 17, 2024

Yes, you can claim both real estate taxes and property taxes paid for assets used in your farm on your Schedule F.   Schedule F is the form that is used to report income and expenses for farms.  If you would like more information about Schedule F see the following TurboTax help article:

 

What is Schedule F: Profit or Loss from Farming