Posted 3/17/2024 18:51 (#10669003 - in reply to #10668313) Subject: RE: Anyone downsize their farm operation? How did it go?
NW Iowa
Like others said talk to your tax man. One thing I did not see mentioned is the self employment tax on the income from the year you farmed on your own carried over into the next year when you rented the land out. Expenses go the same way. Your tax man can explain it better than I can.
Anyone downsize their farm operation? How did it go?
