EPISODE · Oct 5, 2021 · 3 MIN
Farmers and ranchers affected by drought have additional time to replace livestock
from Tax & Current Accounting Topics
IRS Tax Tip Farmers and ranchers affected by drought have additional time to replace livestock https://www.irs.gov/newsroom/farmers-... https://accountinginstruction.info/ Farmers and ranchers who were forced to sell livestock due to drought may get extra time to replace the livestock and defer tax on any gains from the forced sales.
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