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Cattle as a tax break. ?'s
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<blockquote data-quote="Susie David" data-source="post: 450504" data-attributes="member: 1744"><p>Been my thought that a operation needs to show income and growth even if it is running in the negatative and taking a big deduction. Just about everything that runs your farm is deductable from your power to your phone bill, every nut bolt and pencil can be written off.</p><p>Got to keep excellent records and have a receipt for every line item.</p><p>We bought a motor home this year...to travel to sales and events and such...we'll see how our accountant handles this one.</p><p>Just my two bits worth....DMc</p></blockquote><p></p>
[QUOTE="Susie David, post: 450504, member: 1744"] Been my thought that a operation needs to show income and growth even if it is running in the negatative and taking a big deduction. Just about everything that runs your farm is deductable from your power to your phone bill, every nut bolt and pencil can be written off. Got to keep excellent records and have a receipt for every line item. We bought a motor home this year...to travel to sales and events and such...we'll see how our accountant handles this one. Just my two bits worth....DMc [/QUOTE]
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Cattle as a tax break. ?'s
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