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Farmers’ tax strategies change as cash flow gets tighter

Farmers’ tax strategies change as cash flow gets tighter
Brown is an Iowa State Uni­v­­ersity Extension farm man­agement specialist.

Farmers’ cash flow is going to be tight in 2016 and most likely in 2017.

In previous years, farmers have had higher incomes and have offset that by using the Section 179 Expense Election. This has allowed them to expense up to $500,000 of qualifying asset purchases, which included machinery purchases.

This has been...




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