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Taxes and buildings


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Posted by Dan-IA on February 11, 2008 at 15:28:26 from (216.51.179.77):

So it's a snowy day in the middle of the winter. And while I'm sitting here trying to swear off chasin' wild women that spend all my money, I'm dreaming about building a workshop.

Now I'm tight and think it'd be cheaper to heat a small shop than a big one. So I was thinking if I build it myself on 8 foot centers, go about 16 feet high to the bottom edge of the roof, and maybe build it about 24x32, that should be big enough to have a bench in it, put in a service door big enough to get in a combine or an articulate tractor like my 4-150. Then depending on how finances and time go we'd insulate it first, maybe put in a concrete floor, etc. My eventual goal is to be able to work while it's zero out like today, rather than sit here.

But what I want to know is, can I write it off my taxes? I figure if I build it it myself and intend to use it for farm work I can write off building costs as "supplies". I know it'll probably drive up property taxes.

Now my dream machine shed... You can never make that too big! (But that's not heated and has a dirt floor.)


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