Resource Details
Weather Related Sales of Livestock: Income Tax Management Issues
Oklahoma State University
JC Hobbs
2022
This presentation explores a farmer's options regarding income tax management of weather related sales of livestock. There are two provisions in tax law that attempt to cushion producers from the consequences of adverse weather-related livestock sales. The two tax provisions for weather-related sales of livestock have slightly different requirements, so producers should evaluate their circumstances to see which would be of greater tax benefit.
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