PaulaM
Employee Tax Expert

Deductions & credits

Most common purchased breeding livestock used on farms are entered as an asset and depreciated (hogs, sheep, cattle, horses, goats, etc).

See Cattlerancher's answer below for reference.

https://ttlc.intuit.com/questions/3910493-do-i-enter-farm-animals-purchased-for-breeding-under-asset...

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