Tax & Current Accounting Topics

Drought-stricken farmers and ranchers have more time to replace livestock


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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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Tax & Current Accounting TopicsBy Robert (Bob) Steele