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Taxes/555
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NE Ridger
Posted 8/21/2024 14:21 (#10860485 - in reply to #10860425)
Subject: RE: Taxes/555


EC Nebraska
Farmer087 - 8/21/2024 13:11

Every home owner would rebel.
Imagine holding grain over to capture carry. Valued at harvest or beginning of tax year?

And all the steel, copper, oil and other commodities that could be taxed on gains..

Would be a mess if it happened.


Doesn’t Accrual accounting already works that way for inventory?
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