topic Should I depreciate or expense 6 breeding animals purchased 5 yrs ago for &amp;lt;$200 each? Filing as Self Employed Farming first time. Can I expense them in 2017? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/should-i-depreciate-or-expense-6-breeding-animals-purchased-5-yrs-ago-for-lt-200-each-filing-as-self/01/706056#M93197 Thu, 06 Jun 2019 13:48:32 GMT punkin75 2019-06-06T13:48:32Z Should I depreciate or expense 6 breeding animals purchased 5 yrs ago for &lt;$200 each? Filing as Self Employed Farming first time. Can I expense them in 2017? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/should-i-depreciate-or-expense-6-breeding-animals-purchased-5-yrs-ago-for-lt-200-each-filing-as-self/01/706056#M93197 Thu, 06 Jun 2019 13:48:32 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/should-i-depreciate-or-expense-6-breeding-animals-purchased-5-yrs-ago-for-lt-200-each-filing-as-self/01/706056#M93197 punkin75 2019-06-06T13:48:32Z Most common purchased breeding livestock used on farms ar... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/most-common-purchased-breeding-livestock-used-on-farms-ar/01/706061#M93198 <P>Most common purchased breeding livestock used on farms are entered as an asset and depreciated (hogs, sheep, cattle, horses, goats, etc).<BR /></P><P>See Cattlerancher's answer below for reference.</P><P> <A href="https://ttlc.intuit.com/questions/3910493-do-i-enter-farm-animals-purchased-for-breeding-under-assets" target="_blank">https://ttlc.intuit.com/questions/3910493-do-i-enter-farm-animals-purchased-for-breeding-under-asset...</A> <BR /> </P> Thu, 06 Jun 2019 13:48:34 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/most-common-purchased-breeding-livestock-used-on-farms-ar/01/706061#M93198 PaulaM 2019-06-06T13:48:34Z