Grain Bin-sec 179

[gman]

Grain bin sounds like single purpose ag structure qualifying for sec 179, anyone for sure on taking the sec 179 ;on grain bins??


Thanks

[DixieEA]

yes

Gman, pub 225 states a grain bin is a storage facility that is sec 179 qualifying prop

[cpadan]

Grain bin sounds like single purpose ag structure

I suggest you research the tax code for the definition of single purpose ag structure, which a grain bin is not. However, it is 7 year property elgible for section 179.
Dan