TreeFarmGuy
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Thank you, PatricaV for the information, it was very helpful!You are correct, none of this was straightforward, and I am surprised and disappointed that TurboTa...
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Thanks for the reply DianeW777I am using the actual expense method. I chose that method because I did not want to have to pay back depreciationif I fell below t...
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Got it thanksCouple of more questions and I'm done on this subject!1: There were fees included with the purchase of this land tract: a: Items payable in conn...
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So should I so I even put the purchase in 2022 tax return or wait until I sell the timber to report it?Thanks, Will
Activity Feed for TreeFarmGuy
- Posted Re: Depreciation adjustment amount for Georgia is required. Complete form 4562 to calculate GA de... on Business & farm. Friday
- Cheered Re: Depreciation adjustment amount for Georgia is required. Complete form 4562 to calculate GA de... for PatriciaV. Friday
- Cheered Re: IRS Adjustment to 2024 Estimated Taxes for DoninGA. Monday
- Posted Depreciation adjustment amount for Georgia is required. Complete form 4562 to calculate GA depreciation difference. on Business & farm. Sunday
- Posted Re: IRS Adjustment to 2024 Estimated Taxes on Business & farm. February 3, 2026 8:14 AM
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- Cheered Re: Purchased new 49acre tract of land for a Farm Pine Plantation what can be deducted/depreciated? for Critter-3. March 16, 2023 9:39 AM
- Posted Re: Purchased new 49acre tract of land for a Farm Pine Plantation what can be deducted/depreciated? on Business & farm. February 11, 2023 1:30 PM
- Posted Re: Purchased new 49acre tract of land for a Farm Pine Plantation what can be deducted/depreciated? on Business & farm. February 10, 2023 2:20 PM
- Posted Purchased new 49acre tract of land for a Farm Pine Plantation what can be deducted/depreciated? on Business & farm. February 10, 2023 8:59 AM
- Posted I have a tree farm and just purchased an additional 49 acres what can I deduct? on Get your taxes done using TurboTax. December 28, 2022 7:53 AM
- Posted What’s deductible when living out of town for a long term 1099 contract? on Self employed. December 25, 2022 6:20 PM