Client purchased a hefer for breeding. How do I report this? It was bought and dead by a bull attack in the same year. Client already has a loss on their Sch F so can't sec. 179 to create a bigger loss. As of now I have it on Sch F Line 1b, but without sales of purchased livestock concerned this may red flag for the IRS. Any ideas?
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How to report dead livestock for breeding
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