Question

 Is a tractor used for weed control on a farm tax-deductible?

Answer Tractors are considered a fixed asset in most farming situations. As a business asset the depreciation, repairs, maintenance and supplies used in the operation of the tractor are tax-deductible. We... Read More »
http://www.answerbag.com/q_view/1950932

Top Q&A For: Is a tractor used for weed control on a farm ta...

Is equipment for weed control on farm land tax deductible?

Farming is a business, therefore equipment used for weed control on the farm is tax deductible. The equipment is depreciated as an asset and is accounted for under the Modified Accelerated Cost Rec... Read More »
http://www.answerbag.com/q_view/2195618

Is the cost of noxious weed control deductible for a farm land held for rent?

The Internal Revenue Service allows you to take "all ordinary and necessary expenses" as deductions against income from real estate that you hold and rent out. Based on the IRS's guidance to farmer... Read More »
http://www.answerbag.com/q_view/2255309

Is the cost of weed control on farmland tax deductible?

According to the IRS, weed control and any ground maintenance is a farm expense that can be deducted in the year that the cost is incurred. Other such deductible costs include pesticides, fertilize... Read More »
http://www.answerbag.com/q_view/1948365

Is equipment for weed control on investment land tax deductible?

Equipment that is used for weed control on land--such as tractors, sprayers and other implements--are depreciating real property assets. As such, they can be accounted for as capital expenses under... Read More »
http://www.answerbag.com/q_view/2157550


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