Farm expenses before production

Technical topics regarding tax preparation.
#1
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11
Joined:
3-Oct-2018 9:46am
Location:
Texas
hi - have a client who spent 2018 preparing land and purchasing farm equipment for future production. Never have had a client with farming activities so I did some research but I am unclear on how to proceed. Understand land cannot be depreciated but can he expense the land preparation and farm equipment expenses? I have initial thoughts but would like to hear others opinions. Thank you so much for your insight!
 

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