Livestock industry concerned about important tax benefits
Ever since the inception of income tax, all areas of farming have enjoyed generous tax benefits. Livestock owners are permitted to take depreciation deductions on their farm to offset gross income, as well as to deduct reasonable costs of operating a livestock breeding or activity from other income.
You must Sign In or Register to access this content
Not a subscriber yet? Try WLJ free for 30 days!
Register to read WLJ's digital edition and enjoy unlimited access to the news source more livestock producers depend on.
Click here to begin your free 30 day trial subscription.
Current WLJ subscribers: Log in using your six-digit customer number, which you will find printed above your name on the mailing label of your weekly journal. Use the password wlj123, then go to the profile page to customize your password and log in as you wish.