Can you write off dead livestock on taxes?
Excuse me, I'm curious about a specific tax deduction related to farming. Is it possible to write off the value of dead livestock on my taxes? I understand that farming can be a risky and unpredictable business, and sometimes animals don't survive. If I've experienced a loss in this way, can I claim that as a deduction to offset my tax burden? I'd appreciate any clarity you can provide on this matter.