Page 108 - Large Business IRS Training Guides

Electing Farming Businesses 1

• Farming businesses (as defined in IRC

§ 263A(e)(4)) and specified agricultural and

horticultural cooperatives may elect out of the IRC

§ 163(j) limitation.

• Examples of an electing farming business include:

• Livestock, poultry, fish,

• Fruit, nuts, plant nursery, and

• A specified cooperative.

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