diggdug
New Member
Hello,
I am going to start a Christmas tree farm and am wondering is it best to start as a business or a farm? I don't plan to have tree's ready to sell for about 8 years but I would like to "write off" my start-up costs now and in the future. I guess what I need to know is does a tree farm fall under the same category as an agricultural farm with the IRS? Or should I be operating as a business now? Thanks!
I am going to start a Christmas tree farm and am wondering is it best to start as a business or a farm? I don't plan to have tree's ready to sell for about 8 years but I would like to "write off" my start-up costs now and in the future. I guess what I need to know is does a tree farm fall under the same category as an agricultural farm with the IRS? Or should I be operating as a business now? Thanks!