EPISODE · Sep 25, 2021 · 3 MIN
Drought-stricken farmers and ranchers have more time to replace livestock
from Tax & Current Accounting Topics
IRS: Drought-stricken farmers and ranchers have more time to replace livestock https://www.irs.gov/newsroom/irs-drou... https://accountinginstruction.info/ Farmers and ranchers who were forced to sell livestock due to drought may have an additional year to replace the livestock and defer tax on any gains from the forced sales, according to the Internal Revenue Service.
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Drought-stricken farmers and ranchers have more time to replace livestock
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