Farm depreciation guide

 

 

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Farming machinery depreciated over five years; 200 percent DB method by an "electing farming business" that makes an election out of the new rules whichThe farmer would consequently place the new combine on the depreciation schedule at a basis of $64,000 and calculate depreciation on that amount, Liquidation of a farming business. Basis adjustment for depreciation allowed or allowable. Special Estimated Tax Rules for Qualified Farmers.

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