Posted 11/2/2023 22:48 (#10467006 - in reply to #10466922) Subject: RE: 1031 Exchange of Livestock
Southern IA
vulcan900 - 11/2/2023 21:41
That would be a pretty good trick if you could get by with it. You deduct the livestock when you buy them and than swap for land would be like deducting the price of land.
The ones doing it with rental houses have most likely depreciated out those properties.
1031 Exchange of Livestock
