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Hobbies & Interests
Hunting & Fishing
Question - Tax Id
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<blockquote data-quote="r00s7a" data-source="post: 986732" data-attributes="member: 9675"><p>You can buy anything farm related tax free. Keep ALL your receipts for the end of the year when you do taxes. Since you have a tax ID, I am assuming you have some kind of livestock, couple of chickens, cows or two, etc. I think you usually have to buy or sell livestock during the course of the year, so if you do take one to the sale barn or buy one, keep your receipts. I always took a big loss on my "farm", it sure helps on taxes at the end of the year. <img src="/images/smilies/smile.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="r00s7a, post: 986732, member: 9675"] You can buy anything farm related tax free. Keep ALL your receipts for the end of the year when you do taxes. Since you have a tax ID, I am assuming you have some kind of livestock, couple of chickens, cows or two, etc. I think you usually have to buy or sell livestock during the course of the year, so if you do take one to the sale barn or buy one, keep your receipts. I always took a big loss on my "farm", it sure helps on taxes at the end of the year. :) [/QUOTE]
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