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Best way to make more $$, keep more of what you make.
If you own a property and pay taxes on it... You& #39;re gonna wanna read this bad boy. (earmuffs govt)
How to apply for and get agricultural tax credits by selling $1500 plants a year?
If you own a property and pay taxes on it... You& #39;re gonna wanna read this bad boy. (earmuffs govt)
How to apply for and get agricultural tax credits by selling $1500 plants a year?
If you own a home in Texas let& #39;s say it& #39;s worth $1M.
You& #39;re paying almost $20k a year in property taxes. Yikes.
So when my bud Cody told me I& #39;m an idiot and forgot something I listened....
He said you could get 25-75% off your tax bill by selling some leafy greens...
You& #39;re paying almost $20k a year in property taxes. Yikes.
So when my bud Cody told me I& #39;m an idiot and forgot something I listened....
He said you could get 25-75% off your tax bill by selling some leafy greens...
Since Cody is no slouch - he runs multiple 7 fig businesses while hunting something like 200 days a year, my ears perked.
HE HAS IT FIGURED THE F OUT.
*then let us know what we missed* @baldridgecpa since you& #39;re the man on taxes!
HE HAS IT FIGURED THE F OUT.
*then let us know what we missed* @baldridgecpa since you& #39;re the man on taxes!
So here& #39;s how I see it:
- You can do this w/ animals but ya know... those are work
- For a nursery you sell $1500 worth of plants a year to get the credit
- Aka not much to turn liability = asset
- could be a whole post on layering rev streams & tax credits on your casa
- You can do this w/ animals but ya know... those are work
- For a nursery you sell $1500 worth of plants a year to get the credit
- Aka not much to turn liability = asset
- could be a whole post on layering rev streams & tax credits on your casa
How Cody& #39;s playing it:
- Aspens in Montana (his home) sell for $400
- In Oregon sell for $100
- See if shipping costs/allowances are reasonable
- Then get pre-orders for trees in MT
- Ship when order big enough
- 300% arbitrage
- & write off his VERY large ranch property
- Aspens in Montana (his home) sell for $400
- In Oregon sell for $100
- See if shipping costs/allowances are reasonable
- Then get pre-orders for trees in MT
- Ship when order big enough
- 300% arbitrage
- & write off his VERY large ranch property
How I& #39;m going to play it?
- we& #39;re building a tiny house on 1 property
- I& #39;m gonna add a tiny greenhouse ($600 on amazon)
- I inked a deal w/ my mom in law, she& #39;s the distributor
- started an etsy shop, she& #39;s gonna sell sucky& #39;s to the masses
- We need a name - ideas??
- we& #39;re building a tiny house on 1 property
- I& #39;m gonna add a tiny greenhouse ($600 on amazon)
- I inked a deal w/ my mom in law, she& #39;s the distributor
- started an etsy shop, she& #39;s gonna sell sucky& #39;s to the masses
- We need a name - ideas??
Long story short if I can make $20k from growing plants I now pay hundreds for a month... just call me Farmer Sanchez.
