Source: PROGRESSIVE FARMER, 2/6/18


The changes in the recent tax reform legislation regarding asset purchases and trade-ins are among the most significant for ag producers. With one provision retroactive, it's important to understand all of your choices. 
SECTION 179 EXPENSINGFor the tax year beginning in 2017, under former law, a taxpayer is allowed to expense up to $510,000 of asset additions under Section 179.

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