I purchased a farm tractor for my animal farm in 2022, how do i report it on taxes? I currently have a loan on it.

used farm tractor, 2022 is first year of Farm being claimed, start up cost

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You will add the tractor as an asset. You may qualify for bonus depreciation or section 179- just follow the TurboTax guidance and you will be able to get the correct reporting. See Depreciation of Business Assets - TurboTax Tax Tips & Videos.

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I purchased the software & completed return but it doesnt show up on my online TurboTax account. Anyway to sync the two so it's accessible online in the future?

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I purchased a farm tractor for my animal farm in 2022, how do i report it on taxes? I currently have a loan on it.

I purchased a farm tractor for my animal farm in 2022, how do i report it on taxes? I currently have a loan on it.

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I purchased a farm tractor for my animal farm in 2022, how do i report it on taxes? I currently have a loan on it.

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I purchased a farm tractor for my animal farm in 2022, how do i report it on taxes? I currently have a loan on it.

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