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Can Your AVA Reduce Your Taxes?

Can Your AVA Reduce Your Taxes?

Can Your AVA Reduce Your Taxes?

Nov 3, 2010 , by 6
Washington, D.C. -- A Chief Counsel Advice ruling issued Oct. 8 by the IRS appears to allow some vineyard owners to depreciate the added value provided by a recognized American Viticultural Area designation. But the ruling is as yet unproven: It will not apply to everyone, and everyone who wants to utilize it should seek professional advice, experts explained.


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