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Farm animals tax deductions

Discussion in 'Managing Your Flock' started by ladyelliott, Nov 30, 2015.

  1. ladyelliott

    ladyelliott Hatching

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    Nov 30, 2015
    We keep our chickens and cows at a neighbors farm. Can we still calm buying and selling of cows/chickens.
     

  2. OrganicFarmWife

    OrganicFarmWife Crowing

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    No where Nebraska
    Yes, keep your receipts, but many farmers keep animals on other people's land (usually they are renting). Just keep receipts and consider talking to a accountant this year, at least until you understand all your tax laws.
    As a working farm, we always work through our accountant.
     
  3. donrae

    donrae Hopelessly Addicted Premium Member

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    Talk to an accountant. Please, please don't take the advice of folks on the internet for something like this without verifying with a professional.
     
  4. bobbi-j

    bobbi-j Free Ranging Premium Member

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    On the MN prairie.
    Agreed - definitely see an accountant.
     

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