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Jeff_a_Caldwell
Senior Contributor

Poll: Your iron-buying plans in the next year?

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3 Replies
Shaggy98
Senior Advisor

Re: Poll: Your iron-buying plans in the next year?

How about you Jeff, what's your plans?
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Jim Meade / Iowa City
Senior Advisor

Re: Poll: Your iron-buying plans in the next year?

I'm keeping and fixing what I have.

 

My CPA told me that the IRS is keeping an eye on expenses.  Supplies over $200 and repairs over $500 may be looked at to see if they should be considered to extend the life of the equipment and thus should be put on a long depreciation schedule.

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idalivered
Advisor

Re: Poll: Your iron-buying plans in the next year?

jeff, another choice for your poll would be all of the above. Maybe??? Jim, i was afraid that might start happening. dang...doesn't take long to spend quite a few thousands on tractor rears that used to be a "repair".

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