How do I let DT Max know whether or not my client is a hobby farmer?In the program, the phrase "hobby farmer" refers to a farmer whose farming activities are not the main source of income. That person may be a farmer on a part-time basis, or as a pastime.In order to indicate to DT Max that your client is a hobby farmer, enter the keyword Rest-Farm-Losses and select Yes. DT Max will then restrict the farm loss according to the lesser of the following amounts:
If you enter a T5013 and select the option Farming, DT Max will assume that your client is a hobby farmer. The instalments will therefore be calculated on a quarterly basis rather than on an annual basis. November 21, 2013 | ||||||||||||||
