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FARMING

jesdq1
Level 3

What is considered when determining hobby vs. for profit farming?

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sm965897
Employee
Employee

Hobby versus business determinations always vary on a case-by-case basis. Here is a starting point for factors to consider:

https://www.irs.gov/faqs/small-business-self-employed-other-business/income-expenses/income-expenses

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sm965897
Employee
Employee

Hobby versus business determinations always vary on a case-by-case basis. Here is a starting point for factors to consider:

https://www.irs.gov/faqs/small-business-self-employed-other-business/income-expenses/income-expenses

View solution in original post

jesdq1
Level 3

Thank you, I was aware there was a list like this, but could not find it on IRS site

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