Moody
Loving the herd life
- Joined
- Aug 6, 2014
- Messages
- 495
- Reaction score
- 149
- Points
- 163
I got a sales tax exemption for ag a few months ago when I got my donkeys. I knew that cows would be on the way soon. I now have one cow and 4 goats. I will sell any offspring. So I have applied for ag exemption for property taxes but that will take 5 years of agriculture use on the land to go into effect for property taxes since it wasn't in ag before.
Now I'm doing the income taxes and have a small business/farm put into turbo tax. I have deducted things over 5 years that we purchased for farm like stock trailer, barn, livestock. Is there some reason that I must claim that I saved sales tax on those items because of the above mentioned sales tax exemption?
Now I'm doing the income taxes and have a small business/farm put into turbo tax. I have deducted things over 5 years that we purchased for farm like stock trailer, barn, livestock. Is there some reason that I must claim that I saved sales tax on those items because of the above mentioned sales tax exemption?
