2manyrocks
Super Member
- Joined
- Jul 28, 2007
- Messages
- 7,369
A good many farmers couldn't afford to farm without a good paying job elsewhere.
Doesn't @ericm979 make cider?
I think his 'services' are pulling the stumps and cleaning up the place. But I think your question is one the IRS may ask first.I am no tax professional. But I question why the contractor is giving you a 1099?
1099's are for services in excess of $600.
Or a wife with one.A good many farmers couldn't afford to farm without a good paying job elsewhere.
I'm sorry to hear that. Sounds like the government bureaucracy and tax issues finished you off. That is sad.The more I look at all this ... This may be the end of over a century that this was a productive orchard.
Hence my confusion.I think his 'services' are pulling the stumps and cleaning up the place. But I think your question is one the IRS may ask first.
So if the you or the IRS declares it a hobby that looses money......what to do with the 1099?Re 1099, the one for 2023 is the first I've received. He checked 'rent' so it's reported to IRS that way.
In prior years I logged his annual check as sale of product on the Schedule F.
Then this year, HR Block pc software refuses to take a 1099 on Schedule F, it went to Miscellaneous Income instead.
Maybe those cow sales generating a 1099 are the model for this. Categorizing income that way, avoids the self-employment taxes that are due from someone where farming is their occupation.
The more I look at all this ... This may be the end of over a century that this was a productive orchard.