How can you show a profit from a pond? I thought ponds are only good for taking money. I told my tax man I was non profit because I let kids fish my pond and he had nothing to do with it. I would love to get my land zoned ag.
True, but there's this:
Just got property tax bill. It about doubled. When I asked why, they re-figured the property as residental, not acricultural even tho it's 10 acres. After a discussion, if I bring in a fed income tax form that shows income from the pond, then it'll get switched back to "farm". Guess where I'm going again tomorrow?
It might not show up on this years taxes, but it will go into effect next year.
Every state is different, so what is good here might not be good there.
