I'm trying to plan ahead...don't want to be stuck at the last minute next spring wondering about my taxes. I have a 4H steer that will be sold at the 4H market sale this fall. No one at the 4H offices around here is able to tell me if this animal is tax-deductible for ME. They're pretty sure the animal is tax-deductible for whoever buys it, but not sure about for the seller.
Most 4H kids here are around 10-14 years old and don't have to even think about taxes, and I think this was the first time the 4H offices here had even been asked that question. LOL.
Any one here know one way or the other?
Thanks!
Most 4H kids here are around 10-14 years old and don't have to even think about taxes, and I think this was the first time the 4H offices here had even been asked that question. LOL.
Any one here know one way or the other?
Thanks!