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Profit made off of cattle !
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<blockquote data-quote="Brandonm2" data-source="post: 429240" data-attributes="member: 2095"><p>I would not presume to tell you how to prepare your 1040 Schedule F. I wouldn't fill out your taxes for you if you were paying me. All I am saying (to you and anybody else here) is I think that the IRS believes that real property (ie land) appreciates over time NOT depreciates so there is no easy way to expense your "land costs" in a way that is acceptable to the IRS's band of auditors.</p></blockquote><p></p>
[QUOTE="Brandonm2, post: 429240, member: 2095"] I would not presume to tell you how to prepare your 1040 Schedule F. I wouldn't fill out your taxes for you if you were paying me. All I am saying (to you and anybody else here) is I think that the IRS believes that real property (ie land) appreciates over time NOT depreciates so there is no easy way to expense your "land costs" in a way that is acceptable to the IRS's band of auditors. [/QUOTE]
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Profit made off of cattle !
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