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jakescia

Posted 12/16/2009 12:26 (#969672 - in reply to #969469)
Subject: Those are non-depr land improvements---but maintenance of them is deductible

Oskaloosa, Iowa 52577

except when talking about the construction of them in accordance with govt-approved conservation program, like NRCS............then original costs are deductible as conservation expense.

Edited by jakescia 12/16/2009 12:27

Tax Deductions when buying farmland - greenandyellow : 12/15/2009 22:19
- Re: Tax Deductions when buying farmland - paul the original : 12/15/2009 23:40
- RE: Tax Deductions when buying farmland - fieldman : 12/16/2009 07:00
- RE: Tax Deductions when buying farmland - Dave NWIL : 12/16/2009 07:45
  - RE: Tax Deductions when buying farmland - Dave NWIL : 12/16/2009 07:48
- RE: Tax Deductions when buying farmland - pointrow : 12/16/2009 08:30
  - RE: Tax Deductions when buying farmland - jimih : 12/16/2009 10:16
    - Those are non-depr land improvements---but maintenance of them is deductible - jakescia : 12/16/2009 12:26
- "This is definitely a gray area of tax law."---- Says who? - jakescia : 12/16/2009 10:18
  - My error----not a Rev Proc, but Regulation 1.48-1 defines tangible property......... - jakescia : 12/16/2009 12:29
  - RE: have a question Jake,, - 95h : 12/17/2009 11:49
    - Tax Code has to be written to cover a lot of situations---not all "bins" are round and conical..... - jakescia : 12/18/2009 18:46
- RE: Tax Deductions when buying farmland - z28_zeppelin : 12/16/2009 10:45
- Re: Tax Deductions when buying farmland - tc22 : 12/16/2009 10:46
  - Re: Tax Deductions when buying farmland - greenandyellow : 12/16/2009 10:59
    - Re: Tax Deductions when buying farmland - z28_zeppelin : 12/16/2009 11:34
    - As said before, you need tax person.......... - jakescia : 12/16/2009 12:43
      - RE: As said before, you need tax person.......... - Rod! : 12/17/2009 20:51
        
        If you think about it, email that data/reference to me---need to put that in my "trick" bag!! - jakescia : 12/18/2009 09:55
  - Re: Tax Deductions when buying farmland - barrybro : 12/16/2009 11:04
- Re: Tax Deductions when buying farmland - ILGuyInIA : 12/16/2009 11:17
  - Re: Tax Deductions when buying farmland - z28_zeppelin : 12/16/2009 11:37
    - Perfectly legit to include land later---if not used for business, and contigous to residence....... - jakescia : 12/16/2009 12:25
      - RE: Perfectly legit to include land later---if not used for business, and contigous to residence.... - z28_zeppelin : 12/16/2009 14:06
        
        Referring to land.........taxpayers trying to attach farmland to house, and report as 121 property.. - jakescia : 12/16/2009 14:32
        
        RE: Referring to land.........taxpayers trying to attach farmland to house, and report as 121 proper - z28_zeppelin : 12/16/2009 15:06
        
        "Nonqualifed use pre Jan 09 works"--- what's that?? - jakescia : 12/16/2009 16:42
        
        RE: "Nonqualifed use pre Jan 09 works"--- what's that?? - z28_zeppelin : 12/16/2009 21:03
        
        Your knowledge and experience obviously trumps mine....however, I will continue to follow Tax Court. - jakescia : 12/17/2009 15:18
- Seller might have / want some input...... - sbark : 12/16/2009 22:04

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