Taxlink by Andy Biebl

Tax Planning Without the Rules

Congress hasn't yet decided if depreciation on $700,000 of new equipment in 2014 is nearly a $611,000 write-off or a mere deduction of $75,000. (DTN file photo by Nick Scalise)
Congress hasn't yet decided if depreciation on $700,000 of new equipment in 2014 is nearly a $611,000 write-off or a mere deduction of $75,000. (DTN file photo by Nick Scalise)
Congressional inaction on depreciation rules again poses a huge dilemma for farm tax planning. Don't despair: Installment grain sales can give growers flexibility for retroactive tax moves.

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