18 Dec 2023 6:11 pm
It's worked for part of my family coming up on a 100 years. Salt of the earth types, working their land.walkingstick » 18 Dec 2023, 4:06 pm » wrote: ↑ need better farm land. 5k land to low quality. around where i live -40 acres would do. plant enough trees to qualify for timber land tax rate. buy used equipment. show fake high cost. farm equipment easy to repair. anyone can do. i know of people who buy farm equipment, show fake high price. deduct it on their personal tax. lease the equipment to their limited partnership company, and the company deduct's the lease cost. yes. in a limited partnership; cars, appliances, tools, all kinds of stuff is charged to the limited partnership. yes. the partnership company could operated at a loss. and the loss passed on to those in the farm limited partnership. usa couch potatoes getting screwed. as the dropouts prosper. keep it legal! use the system.