MACRS deprecation or not

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  • Jiggers
    Senior Member
    • Sep 2005
    • 1973
    #1

    MACRS deprecation or not

    Taxpayer purchased cows from parent. Since these were purchased from a related party, is the depreciation method MACRS available for depreciation? If not, what method.
    Jiggers, EA
    Tags: None
    • Bees Knees
      Senior Member
      • May 2005
      • 5456
      #2
      There is no restriction on related party transactions for depreciation purposes. MACRS is fine.

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