Forget depreciating the land--it will probably apreciate over time. Around here land went from about $1500/ac 15 years ago to almost $5000/ac and in the last 2-3 years back to $1500/ac. Barn can be depreciated and the accountant has a schedule. Same with fence and tile, real question is when were they put in and how long will they last. Here the ground is pretty sandy so tile fills in pretty fast. and fence posts can rot off in a couple of years depending on the wood used. BTW I use a CPA that used to work for the IRS--she KNOWS the rules. She has kept me out of trouble more often then not.
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Today's Featured Article - Show Coverage: Central Illinois Strawberry Festival - by Cindy Ladage and Janna Seiz. Every year the coming of summer is highlighted by different events for different people. For some, it is heralded with the end of school, tilling the garden, or completion of the planting season. To us, connoisseurs of find food, antique tractors, farm toys, crafts, and downright fun, the annual Strawberry Festival means summer is here. Every year, in Carlinville, Illinois, the Macoupin County Historical Society and the Macoupin Agricultural Antique Association team up to fill th
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