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Tax Time!

Joined Jul 2010
429 Posts | 1+
Waynesboro, Pa 17268
Team Deer Forums,



This will be the first year claiming my deer farming expences. I was wondering besides the usuall itemized list of deductions is there anything special that deer farmers claim that would not be in a regular small business expence sheet? Is there any other tricks of the trade so to speak i should look into? What is the common way a deer farm aproaches taxes?



Any advise would be great. Thanks
 
Matt check with your accountant. I think in most states if you sell a fawn or a deer before he is 1 yr old the percentage of capital gains tax is much higher than if you sold a bred doe or a deer over 1 yr of age. I think this is capital gains versus ordinary income. Check with you tax man.