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Who's breaking even or better?
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<blockquote data-quote="Jeanne - Simme Valley" data-source="post: 489903" data-attributes="member: 968"><p>CB wrote: "The retained heifer has no value as you have written off all the expenses in raising and maintaining her. This makes retaining even a bigger loser in the event you have a loss. With the purchased cow there is some insurance value in you can write off the purchase price plus the cost of upkeep."</p><p>Obviously you are referring to no value at the time you sell her on your income tax forms. Correct, you cannot depreciate anything you raise. </p><p>Trust me, my heifers HAVE VALUE! I'm glad I don't have to pay taxes on the "value" until I actually sell them. <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" /></p></blockquote><p></p>
[QUOTE="Jeanne - Simme Valley, post: 489903, member: 968"] CB wrote: "The retained heifer has no value as you have written off all the expenses in raising and maintaining her. This makes retaining even a bigger loser in the event you have a loss. With the purchased cow there is some insurance value in you can write off the purchase price plus the cost of upkeep." Obviously you are referring to no value at the time you sell her on your income tax forms. Correct, you cannot depreciate anything you raise. Trust me, my heifers HAVE VALUE! I'm glad I don't have to pay taxes on the "value" until I actually sell them. :D [/QUOTE]
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