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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,
- Report this as a farm asset
- Enter this as Farm Equipment, Animals, and Agriculture. Agricultural fences are listed in this category.
- Next screen enter farm equipment.
- Next screen enter this as Portable Livestock Gate. Enter the information regarding the gate.
- 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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March 14, 2021
6:57 PM
1,056 Views