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Is Your Farm a Hobby or a Business? | IRS Hobby Loss Rule Explained
Автор: Chris C. Willis, CPA
Загружено: 2025-04-23
Просмотров: 54
Описание:
If you’re running a farm or ranch and counting on those tax deductions, you need to know about the IRS Hobby Loss Rules. In this first episode of the *Farm & Ranch Tax Series*, Chris Willis, CPA, breaks down how the IRS decides whether you're running a legitimate business — or just a hobby.
You’ll learn:
✔️ What the IRS 9-factor test is
✔️ Common mistakes that raise red flags
✔️ Real-world tips to keep your operation compliant
✔️ How to protect your deductions — even during loss years
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