1/ I got a question about IRS form F and the US tax code. Pull up a chair, childrens!
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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9/ You can't farm as a hobby and "lose" $30k/yr forever and ever. This may be your first rodeo, but it's no the IRS's.
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10/ IRS had a term for this decades ago. A hobby "loss" (word "loss" in air quotes). Giving rise to "the hobby loss rule".
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