Posted by jordan watson on December 26, 2011 at 15:32:13 from (166.248.70.166):
My dad and I bought out a friends cow/calf operation and we are going to file farm this year. We have gone from 10 cows to 50. Can we claim these cows on our taxes? I was told by one tax person that we can and by another we can't. I don't want to go with the wrong tax person and either lose money or get audited and get in trouble. Thanks Jordan
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Today's Featured Article - On the Road with Dave Gohl: Tractors and Farming - by Dave Gohl. I never thought I'd live to see the day, when I could call myself a farmer. What allows me to say this? Well, when our family moved to our 20 acre site near New Prague, Minnesota, I had one thought in mind. You guessed it, farm it somehow. A little history is in order. In my younger days, mom, dad and my brother made frequent visits to dad's youngest brother Pete, who took over the home farm from grandpa MIke. It was the typical set-up, milk cows, pigs & chickens. In the winter, we'd play
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