Knowing and taking advantage of tax codes can help operations save significant amounts of money. Nebraska Extension Associate Educator Shannon Sand explains what Section 180 of the tax code means and how it can potentially allow landowners of newly acquired land to treat the residual fertility present in the soil at the time of purchase as a deductible cost.
Knowing and taking advantage of tax codes can help operations save significant amounts of money. Nebraska Extension Associate Educator Shannon Sand explains what Section 180 of the tax code means and how it can potentially allow landowners of newly acquired land to treat the residual fertility present in the soil at the time of purchase as a deductible cost.