I put in a pressurized irrigation system in the ground on my farm property for use with a sideroll irrigation system for hay. I plan to enter the sideroll as equipment purchased, but would the irrigation system underground be considered an improvement that can be depreciated?
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The irrigation system is considered an improvement to land and for farmers, it has a depreciable life of 15 years. For more information: see IRS PUB 946 on depreciation, see table B-1.
The irrigation system is considered an improvement to land and for farmers, it has a depreciable life of 15 years. For more information: see IRS PUB 946 on depreciation, see table B-1.
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