No, you can depreciate your tractor under as normal on a yearly basis under MACRS or write off up to $25,000. of the price under section 179 in 2014 if you meet the other income rules and total equipment purchase rules. what I am referring to is that the section 179 limits have defaulted to $25,000 from the recent years highs, section 179 is most useful to individuals in '' wind fall'' years rather than normal income years, unless they have outside income to defer.
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Today's Featured Article - A Question for Dads This recent topic from the Tractor Talk discussion board is being highlighted because it is an awesome display of the caliber of individuals that have made this site their own. The young person asking questions received positive feedback and advice from total strangers who "told it like it is" with the care many reserve for their own kids. The advice is timeless... so although it isn't necessarily antique tractor related, it will be prominently displayed in our archives to honor those who have the courage to ask and those who have the courage to respond in an honest, positive manner.
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