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.
"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
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!