I'm sure the correct answer is "ask your tax person", and I will, but I thought I'd ask the peanut gallery as well.
I have some land that I rent out for cash rent, both crop land and pasture. I've had to do quite a bit of fencing and I bought a "brush hog" type cutter to do some mowing -- both to improve the pasture land.
Question: Can I deduct any of that?
I have some land that I rent out for cash rent, both crop land and pasture. I've had to do quite a bit of fencing and I bought a "brush hog" type cutter to do some mowing -- both to improve the pasture land.
Question: Can I deduct any of that?