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Egg selling and Income Taxes

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

  1. WestTexasFarmboy

    WestTexasFarmboy In the Brooder

    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

    Dec 3, 2008
    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.

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