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<blockquote data-quote="Craig-TX" data-source="post: 41409" data-attributes="member: 39"><p>The main advantages are the ability to depreciate assets and expense activities that you can't if you're not in the cattle business. On your personal return it's done on your Schedule F. If your running everything through the books of your business it's done there. Either way you go it will pay to use a CPA who is familiar with agriculture. They will keep you in compliance and still make you more money than they cost you.</p><p></p><p>Craig-TX</p></blockquote><p></p>
[QUOTE="Craig-TX, post: 41409, member: 39"] The main advantages are the ability to depreciate assets and expense activities that you can’t if you’re not in the cattle business. On your personal return it’s done on your Schedule F. If your running everything through the books of your business it’s done there. Either way you go it will pay to use a CPA who is familiar with agriculture. They will keep you in compliance and still make you more money than they cost you. Craig-TX [/QUOTE]
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