Posted by JDseller on December 26, 2011 at 16:06:28 from (208.126.196.144):
In Reply to: OT tax question posted by jordan watson on December 26, 2011 at 15:32:13:
You can depreciate Brood cows, breeding bulls and replacement heifers. It does change what you can then deduct later on. My tax guys says that it complicates your standard deductions. So I just keep track of them on a cash basis just like purchased feeder cattle. I don't use them for a deduction now but just declare a profit or loss whenever they leave the herd.
Example: Brood cow Purchase price:$1500 own her ten years and then sell her as a slaughter cow. Get $800 for her. I then claim a $700 loss. If she had died I would have claimed the whole $1500 as a loss.
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