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  1. #1
    Join Date
    Jun 2009
    Location
    Fresno, CA USA
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    9

    Default Can you write off Bee loses from the winter

    I'm trying to help my father do taxes and was wondering if he could write off his bees loses from Winter. What would he need to do this?

  2. #2
    Join Date
    Feb 2011
    Location
    Pinehurst, North Carolina, USA
    Posts
    226

    Default Re: Can you write of Bee loses from the winter

    Beekeeping loses can only be written off against beekeeping revenues if he is just a hobby apiarist. Since most people don't claim beekeeping revenues on their taxes this is pretty useless.

    If his expenses exceed his revenues he can only claim a loss if his beekeeping operation is a registered business, in which case he would report the loss on form Schedule C.
    ...This, and my heart, and all the Bees
    Which in the Clover dwell.

  3. #3
    Join Date
    Jun 2009
    Location
    Fresno, CA USA
    Posts
    9

    Default Re: Can you write of Bee loses from the winter

    No he lost about 120 hives, how do you use it as a write off. How do we know how much to write off. If you lost 120 hives, how much would that be? My Dad saying it's 130.00 per hive, but I'm not sure if he really knows. Please help me. Thanks Maggie

  4. #4
    Join Date
    May 2008
    Location
    Fresno California USA
    Posts
    2,479

    Default Re: Can you write of Bee loses from the winter

    According to my CPA, there is nothing there to write off. You can write off your cash expenses, but not your opinion of what something was worth that you lost.

    Please refrain from asking me how I know that.

  5. #5
    Join Date
    Jun 2009
    Location
    Fresno, CA USA
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    9

    Default Re: Can you write of Bee loses from the winter

    Tom, what kind of cash expenses are you talking about?

  6. #6
    Join Date
    Dec 2002
    Location
    Denver, Colorado
    Posts
    5,113

    Default Re: Can you write of Bee loses from the winter

    Withdrawn
    Last edited by Solomon Parker; 03-07-2011 at 03:24 PM. Reason: withdrawn
    Solomon Parker, Parker Farms, ParkerFarms.biz
    11 Years Treatment-Free, ~25 Colony Baseline

  7. #7
    Join Date
    Jan 2009
    Location
    Clifford Township, PA
    Posts
    2,064

    Default Re: Can you write of Bee loses from the winter

    Dad is trying to write off $15,600 as losses. I'm no accountant but to me, what that adds up to is Dad needs to talk to an accountant, not beekeepers on a forum.

    His accountant will appear with him when he gets audited. (Not sure who from this crew would go with him.)

    Wayne

  8. #8
    Join Date
    Feb 2011
    Location
    Pinehurst, North Carolina, USA
    Posts
    226

    Default Re: Can you write of Bee loses from the winter

    I would advise you to consult a tax professional to assess your specific situation.
    ...This, and my heart, and all the Bees
    Which in the Clover dwell.

  9. #9
    Join Date
    Jun 2009
    Location
    Fresno, CA USA
    Posts
    9

    Default Re: Can you write of Bee loses from the winter

    He is planning on going to a CPA, just wanted to know ahead of time. Someone told him he might be able to write them off, but I read otherwise on this forum. I guess his CPA will tell him for sure.

  10. #10
    Join Date
    Jun 2009
    Location
    Fresno, CA USA
    Posts
    9

    Default Re: Can you write of Bee loses from the winter

    HI WaynesGarden

    No, he's not trying to write it off, we are just wondering if he can. I wasn't sure so I thought I'd ask you guys before we go to the CPA. Oh, went it comes to Audits my father is no stanger. Thanks why I'm her to help him from now on. But, Thank you Wayne.

  11. #11
    Join Date
    Dec 2005
    Location
    Brasher Falls, NY, USA
    Posts
    27,693

    Default Re: Can you write of Bee loses from the winter

    Quote Originally Posted by MaggieShields View Post
    No he lost about 120 hives, how do you use it as a write off.
    Maggie, just to be picky and make sure we are talking about the same thing, he didn't loose the hives, did he? The colony in those hives died, right? He still has the hives.

    What can be written off, on a Schedule F : Profit or Loss from Farming Form, is the cost of package bees or queens purchased. Thery are considered Livestock.

    If your Father doesn't fill out a Schedule F I don't know how he can claim a loss. If it isn't a Business for him, it is considered a Hobby.

    Talk to an Accountant who knows something about Farming.
    Mark Berninghausen To combat Ebola, please consider supporting http://www.doctorswithoutborders.org


  12. #12
    Join Date
    Feb 2010
    Location
    Pell City,Alabama,USA
    Posts
    290

    Default Re: Can you write of Bee loses from the winter

    If your father is selling honey you better believe the govt. wants to know about it, and with 120 hives I sure hope at one point he had some for sale. If a cattle farmer looses 120 brood cows over the winter can he claim a lose for that? For his sake I certainly hope so, but I really don't know. I agree with Sqkcrk, I would certainly try. That is if you have been reporting your honey sales.

  13. #13
    Join Date
    Dec 2005
    Location
    Brasher Falls, NY, USA
    Posts
    27,693

    Default Re: Can you write of Bee loses from the winter

    I'll bet a cattle farmer can't write off dead cattle. Not ones that died on his farm from diseases or pests. Besides, aren't cattle supposed to die, in trhe end? All the other costs, I imagine, are deductible.

    I am not an Accountant. Get ye to an Accountant.
    Mark Berninghausen To combat Ebola, please consider supporting http://www.doctorswithoutborders.org


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