I'm a farmer trying to categorize business expenses. I buy alot of hardware (lumber, fencing, screws, etc.) to build to mobile enclosures i raise chickens in. once the enclosures are built i can use them year after year, and i even sell some of them to recoup cost. is this some sort of asset expenditure or just a regular expense?
Your chicken "coops" are fixed assets and the entire cost of materials going into them should be added to the asset value. Since you build these yourself I do not think that the safe harbor de minimis rules apply, however they may be eligible for rapidly accelerated depreciation, writing them off in year one - but that is a question for your tax accountant. If you do not have one might I suggest checking with your state farm bureau (an affiliate of AFBF) if they have accounting and tax services. I know my state does and I used them always for tax prep when I was still farming
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