Farm

Farm means:
a category that, for federal tax purposes, includes livestock, dairy, fish, poultry, fur- bearing animals, truck farms, orchards, plantations, ranches, nurseries, ranges, and structures such as greenhouses used primarily for the raising of agricultural or horticultural commodities. Former IRC (check if this IRC provision is current here) §6420(c)(2).

Description and Definition of Farm

A category of business that includes livestock, dairy, poultry, fish, fruit, plantations, ranches, ranges, and orchards. You are in the business of farming if you own a farm or if you manage a farm as a tenant.

Resources

See Also

Further Reading

• Farm in the West's Tax Law Dictionary
• Farm in “A Dictionary of Taxation”