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F
ff54_2
Level 4
September 21, 2020
New

Horses

Related products:ProSeries
  • September 21, 2020
  • 5 replies
  • 5 views

Add horses as a type of asset.

    This topic has been closed for replies.

    5 replies

    dkh
    dkh
    Level 15
    October 21, 2020

    Not just horses - all livestock: dairy cattle, hogs, sheep, goats   and breeding dogs

      C
      Code_Reader
      Level 4
      January 28, 2023

      @dkh, keep in mind that according to part 4 of Schedule F income from raising dogs is properly reported on Schedule C. Also, I am not aware of any specific class life for dogs, leaving it as a general 7/12 asset.

      dkh
      dkh
      Level 15
      January 28, 2023

      @Code_Reader    the OP never mentioned Sched F and neither did I.    Just wishing for more options in asset entry drop down.     

      C
      Code_Reader
      Level 4
      January 28, 2023

      @dkhCorrect. I was just pointing out that 1. The asset you mentioned with a number of Schedule F assets does not belong on F, a problem I often see on returns other accountants have prepared, and 2. The correct class life for dogs is already in the drop down. No offense meant.

      dkh
      dkh
      Level 15
      January 28, 2023

      Been doing taxes for 30+ years.......thanks for your concern

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