Posted 6/25/2012 22:53 (#2449974 - in reply to #2449938) Subject: Re: Forbearance on mortgage to pay off ttactor
EC Kansas
If you mean not make a payment on the land this year, no. Make your regular payments and hang on to your cash, might need it unless you know you are having good crops this year. Don't know where you are located. Depreciation in this case does not matter. You owe $185,000 no matter which gets paid first and both interest payments are deductible.
Forbearance on mortgage to pay off tractor
