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https://www.raymondcapaldi.com.au/c-corporate-office/can-you-write-off-propane-for-a-farm-headquarters.html
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https://www.calt.iastate.edu/article/deducting-farm-expenses-overview
Once qualifying purchases reached a threshold of $2,550,000 in 2019, the amount of the deduction was reduced, dollar-for-dollar for each dollar above the threshold. The section 179 deduction, as well as the threshold, are indexed for inflation. For 2020, the amounts are $1,040,000 of tax basis and $2,590,000 for the investment threshold limit.
https://ttlc.intuit.com/community/taxes/discussion/if-you-live-on-a-farm-and-the-utilities-are-combined-on-one-meter-what-percentage-of-utilities-can/00/40384
In most cases, I would not use the home office deduction for a farm. Most small farms use the cash accounting method. You can not deduct your personal use home mortgage as a farm expense, only the interest paid on farm land can be deducted. If they are on one loan, you must estimate the split by valuation on your real estate tax bill.
https://farm.unl.edu/five-tax-deductions-your-farm-or-ranch
The amount you can write off is limited to half of your deductible expenses (Schedule F deductions except pre-paid supplies) of the current year. For example, if you paid $50,000 in expenses for 2020, you can write off $25,000 in pre-paid supplies for 2021. You also must have a business purpose for the prepaid expenses (a discount, etc).
https://finance.zacks.com/farm-tax-write-off-4209.html
Other items, such as computers used for your farming business, can be depreciated over five years. In some cases, items can be written off 100 percent under Section 179. …
https://legalbeagle.com/6708480-list-farm-tax-deductions.html
In this scenario, you can deduct $1,500 – three-fourths of the total electricity bill – as a farm business expense. Deductions for Capitalized Expenses If you buy farm property with a useful life of more than a year, you cannot deduct the amount spent all in one go. Instead, you must spread the cost over the time you use the asset.
https://safestart.com/news/the-key-to-understanding-osha-propane-regulations/
Inspect propane equipment periodically for possible leaks or malfunctioning parts: Inspect the propane cylinder for cuts, gouges, dents and rusting and replace if necessary. Never use a damaged cylinder. Never use matches or a flame to check for leaks. Use a leak detector or soap (brush a 50% liquid dish soap and 50% water solution onto all ...
https://www.motherearthnews.com/homesteading-and-livestock/farm-tax-deductions-zmaz73mazraw/
The portion of car or truck expenses attributable to farm work is depreciable. If your agricultural operation is close to the subsistence level, it …
https://lingas.com/hot-topics/osha-standards-for-handling-propane/
Guidelines for Storing and Using Propane Store all cylinders that are not in use in an open-air storage unit or cage with a protective roof overhead, at least 20 feet from other buildings Use and store cylinders in the proper position Industrial facilities can store up to 300 lbs. of propane in cylinders
https://outdoortroop.com/can-a-side-by-side-be-a-tax-write-off-for-a-farm/
Under Section 179 there is a monetary limit, you can only spend up to $1,000,000 in 2019 and have it written off. There are also limits as to how much you can spend on equipment purchased and that is $2,500,000 in 2019.
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