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June 6, 2019
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Can I deduct for the truck I purchased to work on my new planted tree farm?

  • June 6, 2019
  • 1 reply
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The property already had planted pine trees when I purchased the land.  I bought a small used truck to work on the property.  Is the truck deductible if I do not and will not have income for many years?
Best answer by Cattlerancher

No, you must have profit at least 3 out of 5 years or the IRS may deem your "for-profit business" a hobby. Forestry is not considered a farm business.

1 reply

Employee
June 6, 2019

No, you must have profit at least 3 out of 5 years or the IRS may deem your "for-profit business" a hobby. Forestry is not considered a farm business.