Kitchen Compost

How realistic is it to sell red worms and compost and is it tax deductible?

I have 2 horses that obviously produce alot of manure. I’ve been composting, but don’t have a huge quantity.. Then I noticed all the red worms that love my compost. If I try to build on it, would it be worth it? Would the horse feed,board and worm raising costs be deductible? At the very least, my garden looks better and my son has fishing worms, but it would be nice to make money!

Clean out other people’s stables and collect the horse droppings and make compost and you have a business. Sell compost made from your own horse droppings and you have some hobby income.

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3 Responses to “How realistic is it to sell red worms and compost and is it tax deductible?”

1. tro says:

   May 7, 2010 at 1:53 am

   you would have to report a business of selling the worms and compost on SchC and expenses related to this business would be deductible
   References :
2. Judy says:

   May 7, 2010 at 2:32 am

   You’d have a real hard time convincing the IRS about the horse feed and board. The income from selling the compost is taxable income.
   References :
3. Max Hoopla says:

   May 7, 2010 at 3:08 am

   Clean out other people’s stables and collect the horse droppings and make compost and you have a business. Sell compost made from your own horse droppings and you have some hobby income.
   References :