Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
purpleslice
New Member

How do I enter barbed wire fences and barns on an inherited ranch in order to depreciate them?

The barbed wire fences and barns are old but serviceable how do I put a value on them. The appraisal did not include values because they are a very small part of the overall value.


2 Replies
Lisa995
Level 12

How do I enter barbed wire fences and barns on an inherited ranch in order to depreciate them?

I'm sure someone else can walk you through this better than I can, this will bump it to the top of the list so it will be seen quicker.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
ratings image
Cattlerancher
New Member

How do I enter barbed wire fences and barns on an inherited ranch in order to depreciate them?

Barb wire fencing can/is owned by both landowners utilizing and maintaining the fence so I did not claim them. The buildings I appraised myself.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v