Get him to start keeping records while young, and it will help him manage money for his entire life. I think he can do it. Good luck!Thank you so much! I did read the rules for selling in PA on the Penn State Ag Extension page. Sounds very similar to what you all have in Ohio. I run a Mary Kay business, so I'm used to the separte accounts and extensive tracking/receipt saving. I just hadn't thought about that for him. But so valid and important. I'll have to ask my tax prep lady how it works with the farm thing. He got most of his feeders/brooder/waterers for birthday presents (the poor kid really wanted them!) But there is so much more to comeThanks for the encouragement to treat it like a "real" business.
Also, if you have a good tax lady, have her look into what taxes he'd pay based on his age, and have her run the numbers a couple of different ways. Tax rules are different for kids. When I was young I worked for my Dad and got paid "in kind" with livestock I then sold for my pay, and I paid no taxes at all until I was 18.
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