Depreciating options on purchase of tractor for a farm, best location for information if to difficult to answer here.

[GeneKay1980]

I would like information on what options I have for depreciating of a tractor for a farm.

Strait line, ACRS, MACRS.

What is the best location to study to make a decision? 

[John-H2021]

Hello Gene,

The best place to learn about depreciating a tractor used on you farm would IRS publication 225, Farmers tax guide.

There is specific information on depreciation and what method is allowed under IRS rules. Here is a link to the page in Pub 225 that explains depreciation.

https://www.irs.gov/publications/p225#en_US_2020_publink1000218229