Marie Posted April 1, 2024 Report Posted April 1, 2024 Farmer sold more cows than in the last 3 years. He doesn't intend to replace, can he defer the income from the excess cows to 2024? Quote
WITAXLADY Posted April 1, 2024 Report Posted April 1, 2024 unsure - check the rules - there are special ones, could also consider Sch J.. D 1 Quote
DANRVAN Posted April 1, 2024 Report Posted April 1, 2024 1 hour ago, Marie said: He doesn't intend to replace, can he defer the income from the excess cows to 2024 Not for breeding stock, the only option is to defer the gain by replacing them. As WITAXLADY pointed out, breeding stock qualifies for schedule J. Quote
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