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Investing in Alpacas
The 2008 Economic Stimulus Act, which allows up to
$250,000 in tax deductions, ended on December 31,
2008. Please check back for updated 2009 information.
Livestock investment and purchase provisions for this
require the following:
1. The unproven* alpaca must be purchased between
January 1, 2008 and December 31, 2008
2. The alpaca must be placed into service between
January 1, 2008 and December 31, 2008
*Unproven does not have offspring on the ground
Why wait on an investment that has a strong demand,
is 100% insured, compounds yearly and offers
numerous tax advantages? It's expected that in 2009,
the expensing limits will be reduced to $125,000 and
even further in 2011.
The IRS publication 225-The Farmer’s Tax Guide
IRS Code Section 179
"Alpacas offer an outstanding choice for livestock
ownership. They have long been known as the aristocrat of
all ranch animals. Most of all, alpacas have a charismatic
manner, they do very well on small acreage, and they
produce a luxury product which is high in demand."
Alpaca Owners and Breeders Association
The 2008 Economic Stimulus Act, which allows up to
$250,000 in tax deductions, ended on December 31,
2008. Please check back for updated 2009 information.
Livestock investment and purchase provisions for this
require the following:
1. The unproven* alpaca must be purchased between
January 1, 2008 and December 31, 2008
2. The alpaca must be placed into service between
January 1, 2008 and December 31, 2008
*Unproven does not have offspring on the ground
Why wait on an investment that has a strong demand,
is 100% insured, compounds yearly and offers
numerous tax advantages? It's expected that in 2009,
the expensing limits will be reduced to $125,000 and
even further in 2011.
The IRS publication 225-The Farmer’s Tax Guide
IRS Code Section 179
"Alpacas offer an outstanding choice for livestock
ownership. They have long been known as the aristocrat of
all ranch animals. Most of all, alpacas have a charismatic
manner, they do very well on small acreage, and they
produce a luxury product which is high in demand."
Alpaca Owners and Breeders Association
| Useful Information 2008 Economic Stimulus Act The IRS publication 225-The Farmer’s Tax Guide IRS Code Section 179 Alpaca Compounding Hands On Ownership Agisting Ownership Syndication |
Eagle Cove Farm
Ron & Keli Harold
5900 Woodberry Farm Road
Orange, VA 22960
info@eaglecovefarm.com
www.eaglecovefarm.com
Farm: 540-854-5580
Fax: 540-854-7827
It’s All Good!
Ron & Keli Harold
5900 Woodberry Farm Road
Orange, VA 22960
info@eaglecovefarm.com
www.eaglecovefarm.com
Farm: 540-854-5580
Fax: 540-854-7827
It’s All Good!