TITLE

Two Certainties for Corn and Soybean Farmers: Taxes and Tax Questions

AUTHOR(S)
Pocock, John
PUB. DATE
February 2011
SOURCE
Corn & Soybean Digest Exclusive Insight;2/ 8/2011, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the biggest changes on the U.S. Section 179 tax deduction rule. It states that tax deduction could hit $500,000 for agricultural machinery and equipment purchases, while a 100% bonus depreciation for new assets will be introduced before January 1, 2012. It also mentions five rules for farm-related tax deductions such as taking normal depreciation on remaining value.
ACCESSION #
70347999

 

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