Discuss
Discover
  • Community basics
    • Support
  • TurboTax™
    • TurboTax.ca
    Open TurboTax

    Why sign in to the Community?

    • Submit a question
    • Check your notifications
    or and start working on your taxes
    Close icon
    Do you have a TurboTax Online account?

    We'll help you get started or pick up where you left off.

    Yes No
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 
    hagertycf
    New Member

    Land clearing and preparation is an expense for farmers; is it also an expense for individuals renting land to farmers?

     
    posted
    ‎October 30, 2019 4:52 AM
    last updated ‎October 30, 2019 4:52 AM
    0
    1
    602
    Reply
    1 Best answer

    Accepted Solutions
    TurboTaxMonica1
    New Member

    Land clearing and preparation is an expense for farmers; is it also an expense for individuals renting land to farmers?

    If this was needed to enable you to rent out the land to farmers, then yes, it may be deducted as an expense.

    View solution in original post

    ‎October 30, 2019 4:52 AM
    0
    600
    Reply
    1 Reply
    TurboTaxMonica1
    New Member

    Land clearing and preparation is an expense for farmers; is it also an expense for individuals renting land to farmers?

    If this was needed to enable you to rent out the land to farmers, then yes, it may be deducted as an expense.

    ‎October 30, 2019 4:52 AM
    0
    601
    Reply

    Related Content

    akashottawa
    hagertycf
    ryan-egger