TAXMAN Posted January 19, 2015 Report Posted January 19, 2015 Joe small time cash basis farmer has equipment, supplies, REPAIRS. He expenses out supplies when bought. Dep. 99% of equip. On repairs we look at each item. Is the 3115 required for him. All old dep set up under farm rules. What do you think? Quote
Lee B Posted January 20, 2015 Report Posted January 20, 2015 Just went to a tax update yesterday that took an in depth look at this issue. Official answer: Not enough information to answer your question Educated guesstimate: Probably Not Quote
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