Tax & Current Accounting Topics

Farmers and ranchers affected by drought have additional time to replace livestock


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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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Tax & Current Accounting TopicsBy Robert (Bob) Steele