Land clearing costs
Added to basis
Can You Write Off Land Clearing Costs?
Short answer: No: clearing land to make it suitable for farming is added to the land's basis, not deducted.
Farmers report on Schedule F; ordinary farm costs are deductible, and equipment can be expensed with Section 179 or bonus depreciation.
Records to keep: Keep receipts, 1099s or W-2s, a mileage log, and a note of the business purpose. W-2 employees should ask about employer reimbursement.
Land clearing costs
Added to basis
Remote Workers / Freelancers / Consultants
No: clearing land to make it suitable for farming is added to the land's basis, not deducted.
Business justification
No: clearing land to make it suitable for farming is added to the land's basis, not deducted. Farmers report on Schedule F; ordinary farm costs are deductible, and equipment can be expensed with Section 179 or bonus depreciation.
Category
- Write-Offs by Job