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Depreciating existing tile on new farm
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nebfarmer
Posted 2/9/2016 17:27 (#5099510 - in reply to #5098837)
Subject: RE: Depreciating existing tile on new farm


SE Nebraska, Near Misery and Cans Ass!
ltt - 2/9/2016 11:20

There is also a dam on the property probably a old nrd structure if I had to guess is that deductible


If it was paid for by the NRD probably not. If it was cost share then probably yes for the portion of cost share. Kind of a gray area. Consult your tax advisor.
Edit: If it is an NRD structure there should be an easement attached to the property.

Edited by nebfarmer 2/9/2016 17:28
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