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Quote: Not quite. The way the IRS looks at is that you are supposed to report all hobby income. You are allowed to deduct your expenses, but because it's a hobby you are not allowed to post a loss against income from other sources. This only benefits the IRS. If you do have a profit, that...

Quote: You don't need to qualify your enterprise in any way as a "farm". If you are involved in agricultural production for profit, even if it's in your backyard, you just file the Schedule F. The key words there are "for profit". The IRS does not look kindly on you writing off hobby...