I am not a CPA, but I believe most of the "construction" type work on your farm can be deducted, but it depends on your situation.
I don't believe these losses can be taken against your "ordinary income". I don't know how much of this description would apply in your specific situation.
You are correct. I plugged the loss into the whole farming section of my tax return just to see what it would do, and it added nothing to my return, since I don't have any farming profits to claim.
@esshup - Yes, I have a police report on the guy to back up my claim, but from my research, you can't claim personal money losses or theft on your return as of 2018. It has to be from a federally declared natural disaster. The current Covid pandemic is listed as such, and has a FEMA code to enter on your tax return. I don't think I could say the guy stole my money and trees due to Covid, could I?
