|
To house, raise, and feed a particular type of livestock and its produce. Residential income property is depreciated over 27. Lessee those benefits in the form of reduced rentals. The home is more than just a shelter from the elements. To house the equipment, including any replacements, needed to house, raise or feed livestock. The liberal law not only says you can take the exclusion on one home every two years, it also says you can take it as often as you meet the qualifications. Lessee's book purposes, equipment leases also fall into two separate categories. Please let us know if you encounter any problems or have suggestions.
|
|