kwebergri
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Thank you AliciaP1,So what do I do with that value once I compute it? Do I need to report it on the return somewhere or just keep it for my records?Thanks again
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Thank you for your response. Are you familiar with the Timber business? I know I can’t depreciate land but I’m wondering if I need to somehow separate and repor...
Activity Feed for kwebergri
- Posted Re: I purchased a new home including 10 acres of timber land in 2022. I also purchased a side by ... on Business & farm. March 1, 2023 9:33 AM
- Posted Re: I purchased a new home including 10 acres of timber land in 2022. I also purchased a side by ... on Business & farm. March 1, 2023 8:29 AM
- Posted I purchased a new home including 10 acres of timber land in 2022. I also purchased a side by side to use in my timber business. Can I depreciate the entire cost of this as equipment using section 179? No income has been generated yet. on Business & farm. February 28, 2023 9:14 PM
- Posted What depreciation category (Land improvement or Residential Real Estate Property) do I use for an inground pool installed at a rental property? on Investors & landlords. June 5, 2019 11:25 PM