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Replacements, buy em or raise em???
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<blockquote data-quote="1982vett" data-source="post: 630570" data-attributes="member: 7795"><p>Got to call you out on this Caustic, or maybe keep things in perspective <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" /> You have effectively decreased taxable income :banana: by not selling a calfThis is also all expenses than has effectively reduced taxable income. :clap: By now the sale of the animal is taxed as capital gains instead of ordinary income. You should also have an increase in "net asset value". <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big grin :D" loading="lazy" data-shortname=":D" /> Nothing to write off because it has already been expensed. Remember, you have had less income to be taxed in the previous year. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big grin :D" loading="lazy" data-shortname=":D" /> Just have to decrease "net asset value" <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite3" alt=":(" title="Frown :(" loading="lazy" data-shortname=":(" /> I know both sides of these arguments pretty well. Both have their pluses and minuses. I have come to realize that no matter at what stage I buy them, I am still going to get some that need to be culled. After paying a lot of $$$ for a pair, that can be a hard thing to do after just one calf. You still run the same risk of needing to cull after that first calf even if you keep you own. :?</p></blockquote><p></p>
[QUOTE="1982vett, post: 630570, member: 7795"] Got to call you out on this Caustic, or maybe keep things in perspective :P You have effectively decreased taxable income :banana: by not selling a calfThis is also all expenses than has effectively reduced taxable income. :clap: By now the sale of the animal is taxed as capital gains instead of ordinary income. You should also have an increase in "net asset value". :D Nothing to write off because it has already been expensed. Remember, you have had less income to be taxed in the previous year. :D Just have to decrease "net asset value" :( I know both sides of these arguments pretty well. Both have their pluses and minuses. I have come to realize that no matter at what stage I buy them, I am still going to get some that need to be culled. After paying a lot of $$$ for a pair, that can be a hard thing to do after just one calf. You still run the same risk of needing to cull after that first calf even if you keep you own. :? [/QUOTE]
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