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 - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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