Many Ranchers Can Defer Livestock Sales for Another Year

  • Blog
  • 10/3/2016
If your county is in a drought situation and you had to sell excess livestock due to the drought, you may be able to defer reinvesting these proceeds for another year (beyond the normal four years). The IRS just released a notice listing the counties that qualify.
This blog contains general information and does not constitute the rendering of legal, accounting, investment, tax, or other professional services. Consult with your advisors regarding the applicability of this content to your specific circumstances.

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