In determining whether an individual can deduct farm losses against other sources of income, taxation authorities divide farmers into various categories. Describe these categories and indicate how the farm losses for each category are treated in the year they occur.

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The Answer of In determining whether an individual can deduct farm losses against other sources of income, taxation authorities divide farmers into various categories. Describe these categories and indicate how the farm losses for each category are treated in the year they occur.

In Determining Whether an Individual Can Deduct Farm Losses Against