Do you own a farm? If the answer is yes, then you should consider discussing depreciation options with your CPA regarding assets such as grain bins, levees, terraces, drain tile, etc. A good reference for you and your CPA is the 2021 IRS Farmers Tax Guide. https://www.irs.gov/pub/irs-pdf/p225.pdf
Author: Dennis Prussman
Dennis is considered one of the nation’s top land agents. In 2021, he ranked number 3 nationwide in total land sales, with $46 Million sold. His experience includes thirty years of Internet advertising with a focus on real estate. view listings: http://www.PremierLandSales.com, social media: https://www.facebook.com/LandByDennis