Farm consolidation and shifts in livestock production patterns have generated intense interest in the demolition of buildings on farms and ranches. The income tax treatment of — (1) any remaining basis in the property and (2) the costs of demolition,influence the timing of the decision to demolish and whether unused buildings and other improvements should be left standing.
"Demolishing Farm Improvements,"
Agricultural Law Digest: Vol. 7
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol7/iss1/1