Egg selling and Income Taxes

Discussion in 'Incubating & Hatching Eggs' started by WestTexasFarmboy, Jan 27, 2009.

  1. WestTexasFarmboy

    WestTexasFarmboy Out Of The Brooder

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    Dec 5, 2008
    Wilson, Texas
    I by no means think I would actually make money selling eggs. Ain't in it for that. BUT...since there would be a small income, offset by a loss for all the stuff you have to buy and build and gather...I wondered if anyone kept track of all the $ they paid for stuff and deducted it from your income taxes? Any thoughts from the experts would be appreciated.
     
  2. Sasquatch

    Sasquatch Chillin' With My Peeps

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    Dec 3, 2008
    Idaho
    Nope. Once you start admitting income, someone will want a license fee.
     
  3. #1California Chick

    #1California Chick Chillin' With My Peeps

    Dec 5, 2008
    SF Bay Area
    You need to talk to a tax person. I think that there are some rules related to "Hobby Farming".
     
  4. MandyH

    MandyH You'll shoot your eye out!

    You have to make a certain amount of money before you can start making deductions and such.
     

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