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Tax Question

Jan 02, 2009
Hello,
   While watching your show last week Dec, 20-21.  In your news part they were talking about a new tax bill for farmers.  It said you could claim up to $250,000 in full without depreciating it over so many years. I remember hearing about farm buildings were included. If possible I would like more information or an addresss were I could find it.

Thanks, Darin Brown

Editor's Note:  Below are a couple links with more information...

-Tax Changes That Affect You

-2008 is the Year to Depreciate



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COMMENTS (4 Comments)

Anonymous
The 2008 Pub. 225 Farmer's Tax Guide can be found on the www.irs.gov website. Something new for the year 2009 only, farm machinery will go to 5 year recovery property.
8:50 PM Jan 4th
 
Anonymous
Check out www.irs.gov/newsroom/article/0,,id=182005,00.html
8:42 PM Jan 4th
 
 
 
 
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