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Anne
Anne, Master Tax Preparer
Category: Tax
Satisfied Customers: 2421
Experience:  Enrolled Agent with 25 Years Experience specializing Individual and Small Businesses
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Couple A went to another state to scope out property for their

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Couple A went to another state to scope out property for their primary residence, but which will also be an income-producing farm. They stayed for several seeks in the other state. Can they deduct the living and food and grocery expenses as 'business' expense?

Anne :

Hi

Anne :

Thank you for your question.

Anne :

There is no provision in the tax law stating that this would be considered a "farming" expense

Anne :

I'm afraid this is a non deductible personal expense

Customer:

okay, thanks. what about supplies and materials bought for the purposes of running a farm?

Anne :

can you give me an example?

Anne :

do they currently own a farm?

Customer:

power cord, fencing, batteries for hand tools, hand tools

Customer:

no, this is in preparation for owning/running a farm

Anne :

They may depreciate these items once they put them into service

Customer:

okay, thanks

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