Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Beginners Board
Tax deductions question for breeding stock
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="Bright Raven" data-source="post: 1516663" data-attributes="member: 27490"><p>My apologies to Sassafras Manor. I am going to defer to you and Katpau. I don't currently have a bull so I deduct breeding expenses such as semen on Line 31. My question is, do you have to depreciate the bull or could you treat the bull like you do other livestock? On a net gain/loss basis on schedule D? The same as you would the purchase of a cow?</p><p></p><p>Note: I also think Katpau means Form 4797 not Schedule. Typo I am sure.</p></blockquote><p></p>
[QUOTE="Bright Raven, post: 1516663, member: 27490"] My apologies to Sassafras Manor. I am going to defer to you and Katpau. I don't currently have a bull so I deduct breeding expenses such as semen on Line 31. My question is, do you have to depreciate the bull or could you treat the bull like you do other livestock? On a net gain/loss basis on schedule D? The same as you would the purchase of a cow? Note: I also think Katpau means Form 4797 not Schedule. Typo I am sure. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Beginners Board
Tax deductions question for breeding stock
Top