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Every Thing Else Board
Money in cattle
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<blockquote data-quote="1982vett" data-source="post: 750189" data-attributes="member: 7795"><p>:shock: Last time I had a tax liability from cattle was 1992........Thanks for taking up my slack. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite7" alt=":p" title="Stick out tongue :p" loading="lazy" data-shortname=":p" /> I thought by now I should be able to show a profit on cattle but it hasn't materialized thanks to repair bills. Waiting on one of my tractors to "come back together"......about 4 years "profit" from the cattle to fix it. I deem a good year being one that the "loss" is smaller than the depreciation expenses. ;-) </p><p></p><p>Sure miss the calves from the cows I had to sell in late 2008 and early 2009. Taking a hit on the cash flow side.......seems it is only heading out and none comming in.</p><p></p><p>Congratulations for being successful..................having to pay taxes is your reward. I, on the other hand, just seem to work for nothing.... :lol:</p></blockquote><p></p>
[QUOTE="1982vett, post: 750189, member: 7795"] :shock: Last time I had a tax liability from cattle was 1992........Thanks for taking up my slack. :P I thought by now I should be able to show a profit on cattle but it hasn't materialized thanks to repair bills. Waiting on one of my tractors to "come back together"......about 4 years "profit" from the cattle to fix it. I deem a good year being one that the "loss" is smaller than the depreciation expenses. ;-) Sure miss the calves from the cows I had to sell in late 2008 and early 2009. Taking a hit on the cash flow side.......seems it is only heading out and none comming in. Congratulations for being successful..................having to pay taxes is your reward. I, on the other hand, just seem to work for nothing.... :lol: [/QUOTE]
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