DaveF1006
Expert Alumni

Deductions & credits

Yes, I have researched several areas and I find no reason where you are unable to claim portable livestock panels as depreciable asset.  Assuming if you have a farm, 

  1. Report this as a farm asset
  2. Enter this as Farm Equipment, Animals, and Agriculture. Agricultural fences are listed in this category.
  3. Next screen enter farm equipment.
  4. Next screen enter this as Portable Livestock Gate. Enter the information regarding the gate.
  5. Continue answering the questions until you have completed the section. 

Keep in mind, this is a movable structure that can be moved anywhere on your property and because of it's portability, it is essentially a piece of farm equipment.

[Edited 03-14-2021|08:17 PM PST]

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