1/ I got a question about IRS form F and the US tax code. Pull up a chair, childrens!
6/ a biz loss of $19,900. You find that at the bottom of your form F, and transfer it onto your 1040. Let's say you also earn $100k as
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7/ a software engineer. So now your income looks like + $100k (sftwr) - $19,900 (farming) = $80,100 (total income)
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8/ and you only pay income tax on that $80,100, not the full $100k you made. You can do this every year. HOWEVER...
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