@Tony_Schultz_@saltydocEM Sorry. Of course, too few characters to cover all. State and federal laws vary also. (Like what percentage of depreciation can you take per year etc). Thanks 😊
@saltydocEM Okay I admit that is some giant basil lol! Nice stuff. Yeah you need an accountant to help you with that stuff on anything with another business for sure!
@saltydocEM You can write off the farm machinery and still claim depreciation on it, I'm pretty sure of that. You wouldn't have any capital gains from the farm unless you sold something? I was just trying to throw a crazy idea anyway lol. I'm a farmer.
@seer_xyz Off topic, but do you do any research on water? Companies to invest in that either do desalinization or water filtration and purification type of thing? I have a trading buddy that's obsessed. He's probably not wrong.