Business Name

Email

Tax Year

Farm Property Expenses

These are costs related to your land and buildings:

Mortgage interest on your farm property

$

Property taxes on your farmland

$

Payments for leasing extra land or buildings

$

Repairs to barns, fences, wells, or irrigation systems

$

Farm utilities (electricity, water, propane, waste disposal)

$

Real-life example: If you paid $5,000 in property taxes on your farmland, that's deductible!

Equipment and Machinery Costs

These are expenses for the tools that help you farm:

Farm equipment purchases (tractors, seeders, plows)

$

Repairs and maintenance for your equipment

$

Fuel and oil for farm machinery

$

Costs for leasing or renting equipment

$

Small tools and farm supplies

$

Real-life example: $2,000 spent on hay and feed for your cattle is deductible.

Animal-Related Expenses

If you have livestock, these costs count:

Livestock purchases for breeding, dairy, or work

$

Feed, hay, and supplements

$

Vet bills and medicine

$

Breeding fees

$

Livestock insurance

$

Costs to transport animals

$

Real-life example: $2,000 spent on hay and feed for your cattle is deductible.

Crop and Planting Costs

Everything you spend to grow crops:

Seeds, plants, and saplings

$

Fertilizers, pesticides, and soil treatments

$

Mulch, compost, and cover crops

$

Greenhouse expenses

$

Soil testing services

$

Real-life example: $1,500 worth of soybean seeds for planting is deductible.

Farm Vehicle Expenses

Costs for trucks and transportation:

Fuel, repairs, and insurance for farm vehicles

$

Mileage for farm-related driving (keep a simple log)

$

Lease payments for farm trucks or trailers

$

Registration and license fees

$

Costs to transport products to market

$

Real-life example: Using your farm truck for 3,000 miles to transport produce to market counts as a deduction.

Worker and Labor Costs

If you hire help:

Wages paid to farm employees or seasonal workers

$

Required payroll taxes

$

Workers' compensation insurance

$

Employee benefits

$

Payments to temporary workers

$

Real-life example: $10,000 paid to seasonal farmworkers is deductible.

Farm Business Expenses

General business costs for your farm:

Farm insurance (liability, crop insurance)

$

Advertising and marketing for your products

$

Bank fees and loan interest

$

Memberships in farm organizations

$

Required licenses and permits

$

Accounting fees

$

Real-life example: $800 spent on farm liability insurance is deductible.

Business Expenses

(Farming)

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