4x4ord wrote:
SidecarFlip wrote:
We just had some work done on the rental and the contractor was sporting a new 350 King Raunch long bed 4x4 4 door. I told him... nice truck. I asked him about the price and his reply was... it's a business expense, 2 years and it's gone...
I'm a farmer myself but I'd rather put my money into farm equipment or land and they are both business expenses / write off's too.
You can expense your equipment's depeciation which is exactly what the contractor is doing. Land on the other hand, does not generally depreciate and is therefore not expensed.
When you rent acreage like I do, you can, I do. Do it with my tractors and implements too..
