TITLE

Deductive Reasoning | New Tax Rules Allow More Write-offs for Farm Equipment Purchases

AUTHOR(S)
Pocock, John
PUB. DATE
March 2011
SOURCE
Corn & Soybean Digest Exclusive Insight;3/ 9/2011, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the tax relief given to farmers for their purchases of machinery and equipment. Roger McEowen of the Iowa State University Center for Agricultural Law and Taxation mentions the expansion of the tax deduction to $500, 000and launch of the 100% bonus depreciation in new assets. It says that farmer's should consider how long they intend to own an equipment before reselling it before making claims of large deductions.
ACCESSION #
70443515

 

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