Hmmmmm....have to figure a way to calculate electric usage. That might be difficult. Milage I hadn't thought of; thank you. I'd only be keeping LF chickens and some few turkeys. Concentration on the chickens. Layers, dual purpose, show, several breeds, but haven't narrowed down which yet. That's part of this years work, and why I'm in the swap forum. (Plus, BHep enabled me into here.). Thanks COF!
Look at IRS regs on electric usage. If you don't have meters to your barns, etc. or you brood in the house you can use a percentage basis for utilities. You can also do percentage (admittedly probably low) on internet cost, phone cost, etc. if used for business purposes. If you advertise in newspaper that can be claimed. Best tip is if town is a little ways away, always make sure that you pick up something related to the business such as feed, meds, etc. and claim the mileage in. That way the trip to town to do chores just became a true deduction for IRS purposes. We live 35 miles from large town, and a friend owns his own repair shop. Anytime he & his wife go into town for dates, groceries, etc. he always picks up parts for his repair business which means the trip is business mileage.
Depreciation for the various types of barns and fencing, tractors etc. is best handled by a farm professional or someone with a very reliable depreciation schedule as it can get quite tricky especially as if anything is sold later it becomes a gain. Animals that are raised on the farm are a true sale. Purchased breeder animals are depreciable over a different time frame.
I appreciate the info. I'll add it to the list! And I can't think of any reason to go "to town" without it involving purchases for the livestock. We'll also have to sort out "home use" livestock versus business stock. Lots of things to consider.