I live next to farmers. Everything they do and own is a business expense. The business owns everything. Home, cars, utv, electric, propane, internet, new land, gas, desiel, and red desiel. They go on multiple caribbean vacations, rent out the banquet room and claim it as a business expense. Is this really what business are able to do?
In: Economics
How is it different then any other business? Any other business can write of their business travel, company cars, heating and internet costs etc.. Why would this be different?
If the house on the property was a office instead, it seems like you would understand it better. Everything done on that property would then in fact be an expense used toward farming
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