Depreciation of trees

Dec 13, 2023 0 Replies

Instructions for IRS Form 4562 says trees that bear fruits or nuts are



10-year property for depreciation. Would trees used to grow truffles (on the roots of the trees) be depreciable?

I have read that "trees purchased and held for the production of revenue" can be depreciated. So, would trees used for "carbon credits" be depreciable?


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