1. If this is your first time on BYC, we suggest you start with one of these three options:
    Raising Chickens Chicken Coops Join BYC
    Not a member yet? join BYC here & then introduce yourself in our community forum here.

Egg selling and Income Taxes

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

  1. WestTexasFarmboy

    WestTexasFarmboy In the Brooder

    74
    1
    39
    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 Songster

    215
    0
    119
    Dec 3, 2008
    Idaho
    Nope. Once you start admitting income, someone will want a license fee.
     
  3. #1California Chick

    #1California Chick Songster

    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.
     

BackYard Chickens is proudly sponsored by: