Where do I deduct the cost of new pecan trees for my orchard. There is not much guidance on agriculture. I purchased $8,000 new trees last year to add to the orchard,
I have a pecan orchard and apiary. I expanded my orchard last year by 10 acres and added 120 new trees. How do I deduct the costs of the new trees
011753
1 Replies
Anonymous
Not applicable
Jun 5, 2019 4:31:05 PM
fruits or nut trees and vines. Depreciate trees and
vines bearing fruits or nuts under GDS using the straight
line method over a recovery period of 10 years. from irs pub 946