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Forced sales of livestock have tax implications

May 2, 2005
Dry weather conditions in parts of the U.S. over the past several years and continuing this year have caused forced liquidation of breeding livestock and early sales of market livestock. Livestock producers who have been forced to sell livestock or are considering selling because of abnormally dry conditions may receive special consideration for federal income tax reporting purposes, says Tim Petry, North Dakota State University ...

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