John-H2021
Employee Tax Expert

Get your taxes done using TurboTax

Hello Gene,

The best place to learn about depreciating a tractor used on you farm would IRS publication 225, Farmers tax guide.

There is specific information on depreciation and what method is allowed under IRS rules. Here is a link to the page in Pub 225 that explains depreciation.

 

https://www.irs.gov/publications/p225#en_US_2020_publink1000218229

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"