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$1300! whoa thats a lot of money
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<blockquote data-quote="jersey lilly" data-source="post: 211412" data-attributes="member: 2258"><p>aplus you could be right, I don't know what the cost per cow was year before last, or the year before that. This is the first year I've been able to stay at home (quite my town job) to full time ranch, gettin really serious about it now that we have as many head as we do. I've always saved all the reciepts, and i could go back and put a figure on the last ten years...heck the last 15 if need be. I can, however guarantee that our cow cost per year has never came close to $500 per cow per year, because both our salaries together have never equalled that amount. That's $50,000 spent on a hundred head...if you spend that much money a year on a cow operation. you need to git outta the cow business.</p><p></p><p>As for the trade barter, favor whatever you wanna call it. </p><p>Say you have item A that's worth 100.00 and you trade for item B that you feel is worth 100.00. You take Item B and make a reciept for that as an expense....do you turn right around and claim Item A as a profit on your income taxes? Probably NOT. You just screwed Uncle Sam. Same goes for the person that recieved your Item A....if he gets a reciept and doesn't claim a profit for the item that he traded....then he too screwed Uncle Sam. In my eyes...if I trade 1 thing for another of what I concider equal value, they cancelled each other out, and I'm out $0 the other person's out $0. Even if that trade includes a skill that you have. When you are trading, bartering,most folks aren't gonna be stupid enuff to trade their skill or whatever that might be worth $15 an hour (4hour = $60) for an item that's not worth that much. </p><p>Think however you like. but if your really honest on your taxes.......the trade/barter system cancells itself out and ya don't worry about it.</p></blockquote><p></p>
[QUOTE="jersey lilly, post: 211412, member: 2258"] aplus you could be right, I don't know what the cost per cow was year before last, or the year before that. This is the first year I've been able to stay at home (quite my town job) to full time ranch, gettin really serious about it now that we have as many head as we do. I've always saved all the reciepts, and i could go back and put a figure on the last ten years...heck the last 15 if need be. I can, however guarantee that our cow cost per year has never came close to $500 per cow per year, because both our salaries together have never equalled that amount. That's $50,000 spent on a hundred head...if you spend that much money a year on a cow operation. you need to git outta the cow business. As for the trade barter, favor whatever you wanna call it. Say you have item A that's worth 100.00 and you trade for item B that you feel is worth 100.00. You take Item B and make a reciept for that as an expense....do you turn right around and claim Item A as a profit on your income taxes? Probably NOT. You just screwed Uncle Sam. Same goes for the person that recieved your Item A....if he gets a reciept and doesn't claim a profit for the item that he traded....then he too screwed Uncle Sam. In my eyes...if I trade 1 thing for another of what I concider equal value, they cancelled each other out, and I'm out $0 the other person's out $0. Even if that trade includes a skill that you have. When you are trading, bartering,most folks aren't gonna be stupid enuff to trade their skill or whatever that might be worth $15 an hour (4hour = $60) for an item that's not worth that much. Think however you like. but if your really honest on your taxes.......the trade/barter system cancells itself out and ya don't worry about it. [/QUOTE]
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$1300! whoa thats a lot of money
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