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Killed calf
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<blockquote data-quote="Chris H" data-source="post: 983963" data-attributes="member: 1974"><p>You can write off all the expense you have in the calf:</p><p>Feed purchased, but that's already in your expenses.</p><p>Vaccines, vet expenses; but those are already in your expenses.</p><p>Purchase price; yes. Raised calf?, expenses already figured in your other expenses.</p><p>Do you get my drift? You don't write off the value of the calf, you use the expenses you have in him to offset your income just like any other cattle expense.</p><p></p><p>We got a payment for a calf we lost to coyotes a few years ago. We went through the sheriff & animal control. We had to report the payment as income.</p></blockquote><p></p>
[QUOTE="Chris H, post: 983963, member: 1974"] You can write off all the expense you have in the calf: Feed purchased, but that's already in your expenses. Vaccines, vet expenses; but those are already in your expenses. Purchase price; yes. Raised calf?, expenses already figured in your other expenses. Do you get my drift? You don't write off the value of the calf, you use the expenses you have in him to offset your income just like any other cattle expense. We got a payment for a calf we lost to coyotes a few years ago. We went through the sheriff & animal control. We had to report the payment as income. [/QUOTE]
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