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Ed Johnson
Ed Johnson, Tax Preparer
Category: Tax
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Experience:  GPHR Cert; U.S. Treasury Tax Advocacy Panel appointee
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I own a 100 acre farm jointly with anohter person, I run an ...

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I own a 100 acre farm jointly with anohter person, I run an ecommerce business out of the barn but I don't reside at the farm. What percentage of the $1100 mortgage (my half) can I claim as a business expense. The farm is not a working farm so no income is generated for it and the other owner lives on the farm and runs her own ecommerce business.


Thanks for your question.

You would take 50% of the expenses of the farm building and farm building maintenance expenses, based on the percentage of space occupied by the ecommerce operations.


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