Discussion:Single Purpose Agricultural Structure
From TaxAlmanac, A Free Online Resource
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Discussion Forum Index --> Tax Questions --> Single Purpose Agricultural Structure
Ralph.hooper (talk|edits) said: | 9 January 2007 |
| Is a feedlot considered a single purpose agricultural structure and therefore eligible for the section 179 deduction? | |
| 9 January 2007 | |
| See 2006 publication 225, page 38 to see if your feedlot fits these qualifications. | |
| 10 January 2007 | |
| yes it would be.....OR...if it was constructed using Government EQUIP cost sharing.... then some of the income could be excluded.....rather than expensing the asset purchased. | |
| 10 January 2007 | |
| Excludable.... IF the new assets were for conservation or wildlife and of no economic value. | |
| 27 December 2007 | |
| I would like to expand this thread to include Tobacco Barns.
1. Is a tobacco barn (no processing facilities included) considered 1245 property and therefore deductible under S179? | |
To join in on this discussion, you must first
log in.
