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Taxes

1510 Views 2 Replies 3 Participants Last post by  kodiakmatt
Any farmers out there claim their Kodiak on taxes?
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I'm not a tax expert nor a farmer, but if a individual is in a state that doesn't have a state income tax they can deduct all the sales tax of everything they purchase if they have enough deductions to itemize off the 1040 schedule A form.

Just thinking if the rig is for the farm the farmer may be able to depreciate the value over time if not all at once.
Where I live in Canada they sure do, they register it to the farm name get all the sales tax back and away they go.....
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