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Tax deductions question for breeding stock
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<blockquote data-quote="Katpau" data-source="post: 1516684" data-attributes="member: 9933"><p>Oops! Schedule D is correct. Thank you 1982vett. I need to think before I type. Schedule C is for reporting business income, schedule D capital gains. Form 4797 would also be correct rather than "schedule" 4797. I am getting old and my mind is not as sharp as it once was. A good (young?) accountant is your best bet for handling this. There is more than one way to handle many accounting situations including depreciation. Your own situation will impact how it is handled.</p></blockquote><p></p>
[QUOTE="Katpau, post: 1516684, member: 9933"] Oops! Schedule D is correct. Thank you 1982vett. I need to think before I type. Schedule C is for reporting business income, schedule D capital gains. Form 4797 would also be correct rather than "schedule" 4797. I am getting old and my mind is not as sharp as it once was. A good (young?) accountant is your best bet for handling this. There is more than one way to handle many accounting situations including depreciation. Your own situation will impact how it is handled. [/QUOTE]
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Tax deductions question for breeding stock
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