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New Member
posted May 31, 2019 6:59:03 PM

How do you add livestock (breeder cows) as 5-yr, 150DB depreciable assets.I can get to a Z-type asset and select 5-yr class but it defaults to 200DB.

I see when I can overide 200 DB and change to 150 DB in forms view but that doesn't recalculate the deduction. I need 15% first year deduction but it will only give me 20% from the 200 DB schedule.

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1 Best answer
New Member
May 31, 2019 6:59:12 PM

Yes, breeding stock is 5 yr, 150DB. In my TurboTax H&B, it offers an asset entry option called "construction equipment" in the farm income and expense section which is the same as breeding stock.

5 Replies
Level 15
May 31, 2019 6:59:05 PM

If you select "other asset type", you'll be able to enter everything the way you want it. Just make sure you know what you're doing. (I assume you do) @Cattlerancher if you see this, might want to check me, as I'm assuming this is being reported on SCH F.

Level 15
May 31, 2019 6:59:07 PM

Now that has a bit of humor to it. I guess breeding cows could be called construction equipment. After all, the "do" construct more cows eventually.

Level 15
May 31, 2019 6:59:08 PM

I see LLC as part of your forum display name.   For clarification purposes,  I see you also indicated "Business Edition"?    Is this a multimember LLC?

New Member
May 31, 2019 6:59:11 PM

Thanks Cattlerancher. Entering them as construction equipment generates the 5-yr, 150DB depreciation schedule and provides the correct first-year depreciation (15%).

New Member
May 31, 2019 6:59:12 PM

Yes, breeding stock is 5 yr, 150DB. In my TurboTax H&B, it offers an asset entry option called "construction equipment" in the farm income and expense section which is the same as breeding stock.