bought 59 acres and was wondering about several things:1) can I depreciate this land. 2) I pretty sure I can depreciate or expense the improvements. things like seeds, soil, trees, etc...3) do I add the cost of purchase for the lawyer and closing costs into the cost of the land?4) I have a 10 year forestry plan cost $475 do I expense this for 10 years or just write it off at one year.this is a new adventure for us. this is going to be interesting if nothing else. I have 4 deer on the land. one of my friends said they were dependents. I found that kind of funny but expect the IRA would not be amused.any publications that would be much help would be appreciated?
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra