Egg selling and Income Taxes

[WestTexasFarmboy]

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.

 

[Sasquatch]

Nope. Once you start admitting income, someone will want a license fee.

 

[#1California Chick]

You need to talk to a tax person. I think that there are some rules related to "Hobby Farming".

 

[MandyH]

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