Biz Write-Offs LogoBiz Write-Offs

Farm equipment for farmers

$10,000-$500,000

Can You Write Off Farm Equipment for Farmers?

Short answer: Yes: tractors and farm machinery can be expensed with Section 179 or 100% bonus depreciation.

Farmers report on Schedule F and can average income over three years.

Records to keep: Keep receipts, 1099s and platform tax summaries, a mileage log, and a note of the business purpose.