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Cattle as a tax break. ?'s
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<blockquote data-quote="C HOLLAND" data-source="post: 449715" data-attributes="member: 2200"><p>This is one my favorite type of questions.</p><p></p><p>Most people looking for a tax write off will normally spend more money that they saved by just paying the tax in the first place.</p><p></p><p>There are so many people out there who think you can just buy that 40,000 tractor and write it off, well you still spent the 40K and you won't ever get that kind of tax savings with 20 head or 100 for that matter.</p><p></p><p>Try putting the money in a 401K or IRA and lease out the land, it will make you more money that way.</p><p></p><p>JMO</p></blockquote><p></p>
[QUOTE="C HOLLAND, post: 449715, member: 2200"] This is one my favorite type of questions. Most people looking for a tax write off will normally spend more money that they saved by just paying the tax in the first place. There are so many people out there who think you can just buy that 40,000 tractor and write it off, well you still spent the 40K and you won't ever get that kind of tax savings with 20 head or 100 for that matter. Try putting the money in a 401K or IRA and lease out the land, it will make you more money that way. JMO [/QUOTE]
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Cattle as a tax break. ?'s
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