I have a LLC. Income so far 2017 is 7025.00 with expenses of 9600.00So do I need to pay Quartly taxes. I held some money from 2016 to pay this fee.

UPDATED FOR TAX YEAR 2019

Unless you have sufficient withholding from other income to cover the taxes on the farm rental, you should pay quarterly estimates of taxes.

You can estimate what your 2020 taxes will be using TurboTax, following these steps:

1. Click on Federal Taxes >  Other Tax Situations.  [In TT Self-Employed:  Personal > Other Tax Situations]
2. In  the Other Tax Forms section, click on the Start/Revisit box next to Form W-4 and Estimated Taxes.  
3. On the Adjust How Much Tax You Pay screen, click the No box.  [This applies to withholding on your paycheck.]
4. On the Review Your Estimates? screen, click the Review Now box.  
5. Continue through the screens, entering the requested information on your projected 2020 income.  There will be a column with the 2019 amounts for your reference.  You need to enter an amount for 2020. 
6. You can enter your potential rental income as "Other Income and Losses." 
7. TurboTax will display a screen giving Your Estimated Tax Bill for 2020.  
8. You will then be given the option to apply some of your 2019 refund to next year or to make estimated payments.

The new siding on the barn should be entered as a depreciable asset, not an expense, since it is considered an improvement of the property.

[Edited | 4/15/2020 | 9:49am PDT]