Marie Posted April 1 Report Share Posted April 1 Farmer sold more cows than in the last 3 years. He doesn't intend to replace, can he defer the income from the excess cows to 2024? Quote Link to comment Share on other sites More sharing options...
WITAXLADY Posted April 1 Report Share Posted April 1 unsure - check the rules - there are special ones, could also consider Sch J.. D 1 Quote Link to comment Share on other sites More sharing options...
DANRVAN Posted April 1 Report Share Posted April 1 1 hour ago, Marie said: He doesn't intend to replace, can he defer the income from the excess cows to 2024 Not for breeding stock, the only option is to defer the gain by replacing them. As WITAXLADY pointed out, breeding stock qualifies for schedule J. Quote Link to comment Share on other sites More sharing options...
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