Posted by morgan in ar on March 04, 2015 at 11:42:09 from (75.120.141.7):
I'm getting my taxes ready to send to the CPA, and I'm sure he will know what to do. I just would like to know if anybody has the answer now so I don't have to wonder for weeks while he works on them. I sold several pieces of equipment last spring (tractor, tedder, haybine, square baler) that I have had for more than ten years. All of the equipment has been depreciated out already. Some of it may have been expensed at time of purchase. Will the whole sale price be shown as income, or just the sale price above purchase price? Thanks- Morgan
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Today's Featured Article - Women and Tractors - Tractor Engine Repair - by Teri Burkholder. One of the great things about working on a tractor engine with your other half is that you know what he is thinking of at all times and can anticipate his every move and his next thought of what he will do. With Ben, anyway, I can tell! He'll be busy working and I’m handing him tools and he says, "give me that..." and I’ve already got it in his hand or "hand me that....."and I’ve got the portable light right where he needed it placed to see. "Run in the house and get me a...."as I open th
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