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New Member
posted Oct 31, 2019 6:04:47 PM

What agrastability fees are deductible? how are farming income/agrastability/agrainvvest tax information done if the farm is held in a partnership?

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Level 6
Nov 6, 2019 12:02:45 PM

Hi, thank you for using Intuit Turbo Tax Live Community

Various fees can be deducted from farming income as can be seen from the Canada Revenue Agency (CRA) guide for AgriInvest income:

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4060/rc4060-05.html#expenses

There are mentions of partnership income in various entries in that link also. Generally partners report their share of the net income of the partnership; with various possible adjustments. See another post here:

https://turbotax.community.intuit.ca/community/self-employed/discussion/what-fees-are-deductible-with-agrinvest-how-do-these-deductions-and-expenses-work-when-your-farm-is/01/949440#M7519

Hope this helps