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179 Question re: Land purchase
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steelguitar
Posted 12/17/2014 16:07 (#4246992 - in reply to #4246965)
Subject: RE: 179 Question re: Land purchase


Dougherty, IA		Sec 179 applies to depreciable assets, land is not a depreciable asset.

Tile, fence, excess fertility, buildings all can be depreciated and are therefore eligible for sec 179 deduction.

Edit: I should add irrigation as well.

Edited by steelguitar 12/17/2014 16:10
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