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If I grow food for my own personal consumption, do I owe federal income tax on that food? I would apreciate answers from those knowledgeable of the U.S. tax code.

2007-04-08 17:42:35 · 2 answers · asked by RogerDodger 1 in Business & Finance Taxes United States

2 answers

As long as you do not sell it, it is tax free. The only way income tax plays a part of the equation is if you sell your produce, and gross more than $10,000. Food grown for personal consumption has always been tax free.

2007-04-08 17:48:28 · answer #1 · answered by James B 1 · 2 0

No you wouldn't owe taxes on food you grow for your own personal consumption. Expenses of growing that food would not be deductible.

2007-04-09 10:00:16 · answer #2 · answered by Judy 7 · 0 0

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