Bob, I don't know a thing about taxes. But I do have a smart Jewish tax lady who oversees my pickups over the course of their lives and wants to know how much I drove that year and being it's my only vehicle what percent of that was personal/business. She also wants to know all my repairs, tires, etc and how much insurance I pay. The last 3 pickups I bought at 5 year increments were at her behest. Leads me to believe there is depreciation somehow. Again, I don't understand it but think Dave having a farm ought to consider the tax end of things when buying. It does make new more attractive.
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Today's Featured Article - History of the Cockshutt Tractor - by Danny Bowes (Dsl). The son of a very successful Toronto and Brantford, Ontario merchant, and himself quite an entreprenuer, James G. Cockshutt opened a business called the Brantford Plow Works in 1877. In 1882, the business was incorporated to become the Cockshutt Plow Company. Along with quality built equipment, expedious demand and expansion made Cockshutt Plow Works the leader in the tillage tools sector of the farm equipment industry by the 1920's.
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