IRS lists drought areas eligible for an extended period for replacing livestock

Significant parts of the country have experienced severe drought this year, with many cattle being sold as a result.
The IRS recently listed specific areas now eligible for an extended livestock replacement period.

Roger McEowen with the Washburn School of Law spoke with RFD-TV’s own Tammi Arender on the replacement period, what rules producers need to keep in mind, and eligibility.

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