Some states consider shipping charges taxable, while others do not. Here's a helpful guide to understanding if shipping is taxable in your state.
As with all businesses, the IRS requires you to report the income and expenses involved with running that business, including a farm rental. If you're the owner of a farm but not the one actively farming the land, generally you'll report your income and
Determine the cost of purchases of raw materials that were made during the period, taking into account freight in, trade and cash discounts. Determine the ending inventory balance. Typically, it’s based on physical cycle counts and is done in accordance with the company’s inventory-valu...