nutrional value of land

Asked January 3, 2014, 1:00 AM EST

Im not sure I have the right wording for it. but I heard we can do that from our local coops. have it checked and save some money on taxes.. how does that work most people I talk to about it never heard about it. My niece heard about it thru her accountant as she inherited her moms land/

Sioux County Iowa land value

1 Response

Here is a link to an article from the University of Minnesota's Center for Farm Financial Management: http://www.extension.umn.edu/agriculture/business/taxation/residual-fertilizer/ Read the article carefully and then speak to your own professional tax adviser as to whether a deduction for residual fertilizer may be available to you.