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June 20, 2019
Question

I recently bought agricultural land to begin a farm business. How do I deduct fruit trees purchased?

  • June 20, 2019
  • 1 reply
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1 reply

Carl11_2
Employee
June 23, 2019

YOu don't "deduct" items purchased that will be used to produce income. They get listed in the assets section and depreciated or depleted over time. So deal with that in the assets section.