|
| The tax issue can usually be handled on a farm fairly easily, unless the op is running thousands of head. A guy could prepay the fixed expenses for next year that go on schedule f. I think where people get in trouble is the mentality that the second set of calves sold is extra income for that year, instead of income needed to pay the bills for the next 12 months. Have seen some with this idea go out and put a down payment on a vehicle or piece of equipment, 179 off more than what they put down and not have the money to make the payment the next year or the depreciation to offset taxes on the income they do have. | |
|
Sell now or wait
