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Show A word on the herd 0 OGDEN Certain livestock can be depreciated if it meets the requirements. re-quirements. Livestock acquired for work, breeding or dairy purposes that is not kept in an inventory account may be depreciated. However, livestock that you raise usually has no depreciable basis because the costs of raising the animals are deducted and not added to the basis. For details, see IRS Publication 225, Farmer's Tax Guide. Order by calling call-ing 1-800-TAX-FORM (1-800-829-3676). mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm |