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Beginners Board
Salvage value on breeding stock
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<blockquote data-quote="john250" data-source="post: 274810" data-attributes="member: 4406"><p>IRS will say that you deducted the cost of raising those heifers, i.e. feed, shelter, vet, etc. Therefore you aren't eligible to depreciate them. </p><p>That's how I understand the IRS position. </p><p>You can argue that you "purchased" them at the date where you sold steers and didn't sell heifers. Good luck. :lol:</p></blockquote><p></p>
[QUOTE="john250, post: 274810, member: 4406"] IRS will say that you deducted the cost of raising those heifers, i.e. feed, shelter, vet, etc. Therefore you aren't eligible to depreciate them. That's how I understand the IRS position. You can argue that you "purchased" them at the date where you sold steers and didn't sell heifers. Good luck. :lol: [/QUOTE]
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Salvage value on breeding stock
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