- Joined
- Sep 27, 2023
- Messages
- 4
Looking for any ideas or suggestions to help with taxes. I have been saving receipts for a little while now but hoping to figure out how to write some stuff off after next year. We currently have a small homestead, we are still starting off but currently have 4 feeder pigs, a horse, 2 pot belly pet pigs, 4 dogs, about 50-60 yard chickens and plan to raise a few bottle calfs next year. Though we are not profitable this year we plan to expand next year and hopefully break even. I have one pig going to the processor soon that will go in our freezer and will have another ready in the spring that can be sold, hoping to hreed the other 2 females to sell feeder piglets and raise out a few tobsell meat. Also the calfs will be either going to the processor or sold. We are on 5 acres but most of it is wooded. I plan to clear a bunch myself after I put a few deer in the freezer. Wondering if I need a business license or what I should do. I would love to be able to write off some of this fuel and animal feed or some of the materials like the fencing I have been buying. We are in the great state of Georgia. Thanks for any help or advise.
Nick
Nick