On a ranch, sales of your livestock that is over 2 years old is considered capital gains, however, all the ranch expenses, including 179 expenses are reported on a schedule F. I can't seem to take my 179 deductions, because the schedule F for the business shows a loss, but my overall income when you add my capital gains (from livestock) is a taxable income. How can I apply the equipment I buy to the capital gains from my livestock?
