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Re: OT: taxes on small farm

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Posted by Nathan in Texas on October 07, 2005 at 11:20:55 from (216.167.183.158):

In Reply to: OT: taxes on small farm posted by Marcuss on October 07, 2005 at 09:50:43:

If you buy personal property (tractors, trucks, equipment, etc.) you can take a section 179 deduction and expense it right away. I don't think that applies to real property (buildings) though so you would depreciate it over the IRS life.

FWIW, Nathan

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