Posted by LAA on December 27, 2011 at 04:49:20 from (212.93.201.26):
In Reply to: Re: OT tax question posted by paul on December 26, 2011 at 18:57:11:
Thats what I said, you can depreciate the breeding herd, any calves you raise to sell are reported as income and the cost of raising them is deductible, including any feed and hay their mothers ate or other costs associated with raising those calves, on the other hand, calves you buy to re-sell you deduct the purchase price plus the inputs made to get them to sale weight. I have been filling out my own taxes including the schedule ''F'' and depreciation schedules for many, many years with out problems, I don't know what you were questioning in my original post.
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