Tax write off questions, accountants?
DH is set to retire in 1/2013..although he will most likely move on to another job. He will be collecting his pension, a supplement to his pension(law enforcement), he will also receive a lump sum from his employment. I, on the other had will continue working (i am 48). We have a small mortgage, a grown daughter now on her own and a 16 yr old. We have a home on 10 acres. We have been thinking adding a fence, barn/building and cattle on this property. Can the cost of those improvements be written off if we use sched F on our returns for next year? If anyone has any other suggestions, I would really appreciate it.