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Recaptured Depreciation
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farmin'fool
Posted 11/11/2026 18:41 (#11800338 - in reply to #11800317)
Subject: RE: Recaptured Depreciation


Wisconsin

Sorry that I was not clear. If not for the tax hit, I would have an auction soon for the equipment, and just rent out the last parcel, too. My older brother sold his at auction and was relieved of "well over a hundred k" which his tax man told him was unavoidable ...

For the record, I inherited some of the land myself with the unspoken caveat that I would farm myself and ot make a quick conversion to cash.

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