Re: New Forum Idea: Sideliners
my primary vocation requires the use of a cpa, and when we examined the pros and cons of establishing beekeeping (farming) as a bona fide sideline there were more pros in my situation.
i ended up forming an llc.
the test for irs purposes isn't necessarily that one makes a profit, but rather that there is a reasonable expectation that there will be sales and that the sideline will produce income by the end of the first five years.
it may not make sense to take it this far unless you are paying a lot of income tax with your primary vocation.
beekeeping since june 2010, +/- 20 hives, tf