Redo, Rework, Remodel, Repair: All Tax Write Offs
When you buy a property you can get a tremendous tax write-off if you make any repairs. If you have an old dam that's been breached or broken because of a flood, you can repair and rework the land into the perfect lake, and it is a tax write-off that year off your income. Often live water ranches will have creek beds that have become so clogged with silt and gravel that the creek looks dry. We can show you how drill test holes, clear out the bed, reshape the creek, and write off the cost of the entire project this year.
In fact, any repair, rework, remodel, reclaiming or re-sculpting is a deduction that year off your income. We can show you how to use this tax rule to dramatically improve your property.
Are You Tired of Paying Outrageous Taxes?
We have bought and sold 20 ranches over the years that Jeff has personally owned, and operated as businesses. Everything from scientific Whitetail Deer breeding ranches to commercial hunting ranches. It's something Jeff does for fun, and for the huge tax advantages. There are a number of areas that we can work with you to reduce your taxes by owning your dream ranch. Click to learn more about each: