Eddie903
Level 4
03-13-2024
11:44 AM
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Client has a honey business and spent a good amount on new bees to restock his hives. Since their life expectancy is less than a year they wouldn't be depreciated, would they be considered livestock included in Part 1 1.b or line 32 for for other expenses?
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Level 15
03-13-2024
11:51 AM
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This says Yes, theyre livestock
https://bootstrapbee.com/laws/are-bees-considered-livestock-tax-wise
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