Income tax return for the costs incurred in 2009

Reference no: EM13165220

In 2009, Jed James began planting a vineyard. The cost of the land preparation, labor, rootstock, and planting were capitalized. The land preparation costs do not include any non-depreciable land costs. In 2013, when the plants became viable, Jed placed the vineyard in service. Jed wants to know whether he can claim a deduction under section 179 on his 2013 income tax return for the costs incurred in 2009 with respect to planting the vineyard.

Can someone please let me know if there are deductions that he can claim?

Reference no: EM13165220

Questions Cloud

Work out the formula of the hydrocarbon : 1 mole of a hydrocarbon of formula CnH2n was burned completely in oxygen producing carbon dioxide and water vapour only. It required 192 g of oxygen. Work out the formula of the hydrocarbon.

What is the mass of pentane that vaporizes : what is the mass of pentane that vaporizes? density is .626g/mL and pure vapor pressur eis 511 at 25 degree celcius. suppuse hexane and pentane each 75 ml is mixed in previoulsy evacuated 200 ml at 25 degree celcius.

State the free energy change for the succinate dehydrogenase : the free energy change for the succinate dehydrogenase reaction ctalyzed by Complex II is insufficient to drive ATP synthesis under standard conditions.

How much heat was lost to the surroundings : When power was turned off to a 30.0 gal. water heater, the temperature of the water dropped from 75.0°C to 22.5°C. How much heat was lost to the surroundings? (1 gal = 3.785 L) Assume the density of water is 1.00 g/mL.

Income tax return for the costs incurred in 2009 : Jed wants to know whether he can claim a deduction under section 179 on his 2013 income tax return for the costs incurred in 2009 with respect to planting the vineyard and can someone please let me know if there are deductions that he can claim?

How many moles of phosphorus : In the formula for sodium phosphate (Na3PO4) how many moles of sodium are represented? How many moles of phosphorus? how many moles of oxygen?

Compute the molar mass of naphthalene : calculate the molar mass of naphthalene, the organic compound in "mothballs," if a solution prepared by dissolving 5.00g of naphthalene in exactly 100g of benzene has a freezing point 2.00 degrees celcius below that of pure benzene.

Production at a level below maximum capacity : An examination of the accounting records of a fictitious business, the Clowney Company, disclosed a high contribution margin ratio and production at a level below maximum capacity.

Calculate the final temperature of the mixture : A 30 g sample of water at 280 K is mixed with 50 g of water at 330 K. Calculate the final temperature of the mixture assuming no heat loss to the surroundings.

User Account

All Pages