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SESD_Farmer

Posted 3/9/2026 11:22 (#11578835)
Subject: Income tax credit on newly aquired land based on soil fertility at time of purchase

Alcester, SD

I have 3 80ies I bought recently where I did grid soil samples and they have good fertility levels. I am looking at IRS Sections 167, 168, 180 and 611 income tax credits to be depreciated. It looks like I may need a third party in preparing this for my accountant. What should that cost in for those who have done this?

Income tax credit on newly aquired land based on soil fertility at time of purchase - SESD_Farmer : 3/9/2026 11:22
- RE: Income tax credit on newly aquired land based on soil fertility at time of purchase - sifarm : 3/9/2026 13:43
  - RE: Income tax credit on newly aquired land based on soil fertility at time of purchase - Birddy : 3/9/2026 16:27
    - RE: Income tax credit on newly aquired land based on soil fertility at time of purchase - Kooiker : 3/9/2026 18:13
    - Since 1960 - humblefarmer : 3/9/2026 21:07
  - RE: Income tax credit on newly aquired land based on soil fertility at time of purchase - ANF : 3/9/2026 20:23
  - RE: Income tax credit on newly aquired land based on soil fertility at time of purchase - w1891 : 3/9/2026 22:45
- RE: Income tax credit on newly aquired land based on soil fertility at time of purchase - DBindiana : 3/9/2026 17:50
  - RE: Income tax credit on newly aquired land based on soil fertility at time of purchase - Birddy : 3/9/2026 18:16
    - RE: Income tax credit on newly aquired land based on soil fertility at time of purchase - easy : 3/9/2026 18:36
      - RE: Income tax credit on newly aquired land based on soil fertility at time of purchase - Birddy : 3/9/2026 18:46
        
        RE: Income tax credit on newly aquired land based on soil fertility at time of purchase - gofurit : 3/9/2026 19:12
      - RE: Income tax credit on newly aquired land based on soil fertility at time of purchase - STOMN : 3/9/2026 19:43
    - RE: Income tax credit on newly aquired land based on soil fertility at time of purchase - sifarm : 3/9/2026 19:08
      - RE: Income tax credit on newly aquired land based on soil fertility at time of purchase - Jdel : 3/9/2026 21:01
    - RE: Income tax credit on newly aquired land based on soil fertility at time of purchase - Big Ben : 3/9/2026 23:57
- RE: Income tax credit on newly aquired land based on soil fertility at time of purchase - bobbyg : 3/9/2026 19:26
- RE: Income tax credit on newly aquired land based on soil fertility at time of purchase - cornncows : 3/9/2026 20:42

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