New Farmer, full-time job and taxes
I have recently moved to a 14 acres farm in Southern MD. We've already started to invest in infrastructure, materials and livestock. Looking for information about writing some of those expenses in our tax return this year. Any resources would be greatly appreciated.
Charles County Maryland
We are not qualified to give legal advice.
Three resources to check are:
U of MD, Ag Law Center
MD sales tax
IRS Farm Tax Guide