Is This Cost Even Deductible?

The ordinary-and-necessary test for any farm expense
Course #: FN-010
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Field Note Description

Wondering whether that purchase is actually a farm write-off? This Field Note gives you a simple, plain-language test for any farm cost: is it an ordinary and necessary cost of running your operation, and is it for the farm rather than the family? You’ll come away able to sort your spending with confidence — and knowing exactly which calls to hand to your preparer.