What is the proper classification and MACRS code for depreciation of breeding cattle?
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Have you looked at Publication 225?
Table 7-1 shows the Recovery Period for various farm assets.
https://www.irs.gov/pub/irs-pdf/p225.pdf#page=44
Have you looked at Publication 225?
Table 7-1 shows the Recovery Period for various farm assets.
https://www.irs.gov/pub/irs-pdf/p225.pdf#page=44
Category has no impact on the tax return. It is there solely to help present a depreciation report that might match a balance sheet: e.g. Building, Land, Furnishing, Vehicles, Computers, ... YOU CAN LEAVE IT BLANK. Blank takes up less paper, if you are printing.
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