Posted 12/16/2012 16:02 (#2755819 - in reply to #2755354) Subject: Re: Feeding cattle and income tax
Texas/New Mexico Stateline
Cattle bought with the intention of feeding and reselling, you subtract the cost from the sale price in the year they are sold, there are a couple of lines on the Schedule F just for this situation.
Livestock bought for breeding purposes are handled like a capital purchase.
Feeding cattle and income tax
