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Old February 4th, 2012, 02:29 PM   #27
dougstephvoor
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Our tax return is usually larger than it should be. Their is no way for me to know how much our yearly income will be. I have had to send in some $7500 checks to Federal in the past which I do not like to do.

If I get a large return back from claiming a loss on the income, I always buy something that is a farm cost expenditure, that is also personally usefull. Last year it was a large trailer, for hauling a tractor and equipment, that would also be big enough to haul two jeeps if you wanted to.

The year before that it was a farm disk and a loader tractor. The tractor could be usefull for plowing the snow in the drive way.

2011 will be depreciation of a pole barn for 20 years.

I believe I will buy a cattle trailer this year with what ever I get back.
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