Business & farm
Per PUB 225, a new tractor (new farm machinery and equipment) has a useful life under GDs of 5 years. This changed with TCJA. A used tractor still has a life of seven years.
[Edited 3/9/21|1:18 PM EST]
Per PUB 225, a new tractor (new farm machinery and equipment) has a useful life under GDs of 5 years. This changed with TCJA. A used tractor still has a life of seven years.
[Edited 3/9/21|1:18 PM EST]
