turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

wesable
New Member

How do I show the expense of a cash purchase of additional land for my cattle operation?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
ColeenD3
Expert Alumni

How do I show the expense of a cash purchase of additional land for my cattle operation?

You don't. It is not a taxable event. Land can't be depreciated. When you sell the property, increase the basis by this amount.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies