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Get your taxes done using TurboTax
@kadaan wrote:
I entered it under Farm Assets -> Farm Equipment, Animals, Agriculture -> Farm Equipment, because that is where TurboTax lists Tractors (not over the road).
I am entering an asset in exactly that same section on a test return and I am getting 5 year depreciation.
Are you clicking the "Yes" button for the question that addresses "some types of farm equipment are not eligible for the special 5 year depreciation of farm machinery and equipment"?
‎October 5, 2020
7:23 PM
1,503 Views