What is IRS Section 180 and How Does it Work?
With recent land purchases, some are asking questions to learn more about IRS Section 180 and how it may provide tax deductions in the year of purchase. Let’s explore more about this tax code.
What is this code, you may be asking yourself, and what may it have to do with the purchased ground?
Read this article by the Center for Ag Profitability to learn more about Section 180 and how it may affect your deductions as a landowner.