Sounds like my plans in the works - bought the land, building a house, getting a tractor, going to deduct as much as I can creatively deduct as “farm expenses”.
Don’t forget to record some “income” from your farm by selling some eggs, vegetables, firewood, or some such,
then make sure to depreciate all your equipment out against your already lower income.
Yeah. I’m looking into the farm income stuff. I’m having a builder come by today to get an estimate on a 40x80 steel building with concrete floor.
I am blown away that you don’t need building permits around here!