My wife and I have bought 25 acres and we plan to start a small organic farm next year. It is time for our first big investment...a tractor. I was wondering if anyone could offer some financial advise as to the best way to go about it as far as taxes are concerned. I am assuming it is deductible? Do we need to establish a small business with the State first? Again, we do not plan to officially open for business until next spring.
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