Re: Beekeeping and taxes
If you already run a business, and if you consider what you have spent on bees and beekeeping equipment business expenses, then claim those expenses just as you would any other. Those pieces of equipment which will last a long time, such as supers, can be depreciated.
Originally Posted by Gypsi
From what you have described, I would claim the expenses all on this years Profit and Loss Statement. I don't see any advantage to depreciating such a small number of items. Especially if you are not going to get bees again next year. As you stated elsewhere.
I am not a CPA, I'm just telling you what I think I would do were I in your shoes.
Also, you keep writing about feral honeybees as if you know where they are coming from and that they aren't coming from someone elses managed colonies. I don't know why you identify them as ferals and not just bees. But I'm funny that way.
Just because something is new to you, doesn't mean it is new, or revolutionary. Mark Berninghausen