Free Alpacas Newsletter- How to Profit from Alpaca Farming

Monday, February 13, 2006

[AlpacaTalk] Went to my accountant

Okay I went to my accountant to find out about the tax breaks. He said
If I am in the 25% tax bracket that is all I can claim the first year
and that is it! I can depreciate them and the other stuff on the farm
but that is it. Also, if I do not make a profit in x amount of years I
would have to repay some money. I thought the tax deals were better. I
live in NJ can anyone offer me more insight
Lea
Williamstown, NJ


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