Bob, I don't know a thing about taxes. But I do have a smart Jewish tax lady who oversees my pickups over the course of their lives and wants to know how much I drove that year and being it's my only vehicle what percent of that was personal/business. She also wants to know all my repairs, tires, etc and how much insurance I pay. The last 3 pickups I bought at 5 year increments were at her behest. Leads me to believe there is depreciation somehow. Again, I don't understand it but think Dave having a farm ought to consider the tax end of things when buying. It does make new more attractive.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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