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Long Range Forecast
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<blockquote data-quote="Caustic Burno" data-source="post: 869778" data-attributes="member: 694"><p>CB, you don't have to wait to sell till next year for tax purposes unless you just need the feed bill for a write-off this year. In Tx and Ok due to the drought you can sell cows and as long as you buy back in within two years you don't have to pay tax on the sale of livestock. I sat with my CPA and we called the IRS and confirmed this.</p></blockquote><p></p><p></p><p>Isom your right talked to my CPA today, in all honesty I would like to hang on to the girls I have left. The girls that are still here would be mighty hard to replace without a lot of nickel's. That said I am not going to spend all the sales profits to hold them either. Kinda one of them danged if you do and danged if you don't. If we could get some rain to plant winter pasture would be a big relief. When a cow is on total life support they can eat up some frog hides quick.</p><p>[/QUOTE]</p>
[QUOTE="Caustic Burno, post: 869778, member: 694"] CB, you don't have to wait to sell till next year for tax purposes unless you just need the feed bill for a write-off this year. In Tx and Ok due to the drought you can sell cows and as long as you buy back in within two years you don't have to pay tax on the sale of livestock. I sat with my CPA and we called the IRS and confirmed this.[/quote] Isom your right talked to my CPA today, in all honesty I would like to hang on to the girls I have left. The girls that are still here would be mighty hard to replace without a lot of nickel's. That said I am not going to spend all the sales profits to hold them either. Kinda one of them danged if you do and danged if you don't. If we could get some rain to plant winter pasture would be a big relief. When a cow is on total life support they can eat up some frog hides quick. [/QUOTE]
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