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April 10, 2021
Question

Improvements to farm for business related needs

  • April 10, 2021
  • 1 reply
  • 0 views

I have an equine therapy rehabilitation business (and LLC) and made some updates to my farm to be able to have clients bring their animals to my farm for recovery or therapeutic services - examples: horse safe fencing, and horse stalls. How do I deduct those expenses?

1 reply

ColeenD3
April 10, 2021

They are assets that need to be depreciated. Enter each separately in the Asset section.