Guidance for Special Types of Businesses
Rules for Businesses in Certain Industries/Market Segment Specialization
Program Guides (MSSP)/Market Segment Understandings (MSU)
Farming
Gross Income From Farming
Farming income includes what you receive from cultivating the soil
or raising or harvesting any agricultural commodities. It also includes income from the
operation of a livestock, dairy, poultry, bee, fish, fruit, or truck farm, or plantation,
ranch, nursery, orchard, or oyster bed. This includes income you receive in the form of
crop shares if you materially participate in production or management of production of the
crop.
Important References:
Publication
225
Farmer's Tax Guide