https://ttlc.intuit.com/community/business-taxes/discussion/deduction/01/1252439#M42336 <P>My farm continues to flood.&nbsp; I had rip rap placed to avoid losing land due to high waters.&nbsp; I obtained a permit for the project.&nbsp; Can I expense this cost?&nbsp; Or is there a special credit for doing this.</P> Sat, 29 Feb 2020 23:19:24 GMT 0816 2020-02-29T23:19:24Z https://ttlc.intuit.com/community/business-taxes/discussion/deduction/01/1252439#M42336 <P>My farm continues to flood.&nbsp; I had rip rap placed to avoid losing land due to high waters.&nbsp; I obtained a permit for the project.&nbsp; Can I expense this cost?&nbsp; Or is there a special credit for doing this.</P> Sat, 29 Feb 2020 23:19:24 GMT https://ttlc.intuit.com/community/business-taxes/discussion/deduction/01/1252439#M42336 0816 2020-02-29T23:19:24Z https://ttlc.intuit.com/community/business-taxes/discussion/re-deduction/01/1252505#M42341 <P><STRONG>No.&nbsp;</STRONG>See <A href="https://www.irs.gov/pub/irs-pdf/p225.pdf" target="_blank">2019 IRS Publication 225 Farmer's Tax Guide</A>: page 47 includes permits with Section 197 Intangibles, which requires amortization over 15 years.</P> <P>&nbsp;</P> <P><A href="https://www.irs.gov/pub/irs-pdf/p535.pdf" target="_blank">2019 Publication 535 Business Expenses</A> page 31 also lists permits as a Section 197 Intangible.</P> Sat, 29 Feb 2020 23:44:03 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-deduction/01/1252505#M42341 KathrynG3 2020-02-29T23:44:03Z