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Recaptured Depreciation
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Boone & Crockett
Posted 11/12/2026 07:31 (#11800628 - in reply to #11800338)
Subject: RE: Recaptured Depreciation


farmin'fool - 11/11/2026 18:41

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.

Brother had a pizz poor tax man.You don’t have to pay the the tax, just got to do some proper planning before calling the auctioneer.

Edited by Boone & Crockett 11/12/2026 14:59
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