Harvesting Soil Nutrient Deductions

Six decades and counting. 

Legacy nutrient deductions have existed as part of federal tax policy since 1960. These are powerful tax tools for agricultural landowners to deduct the value of nutrients in their soil. This article provides tax and real estate professionals with a high-level review of these "legacy nutrient deductions," offering tools and best practices to successfully obtain them for clients in a manner that can withstand IRS scrutiny.