sales tax exemption on new tractor
recently bought house with 39 mostly wooded acres. im 65 and retired and plan on taking some trees down and using for firewood and possibly selling some. i bought new tractor last week and dealer gave me a form which i signed for sales tax exemption. i guess as long as 51% of the time using tractor for selling something makes me eligible. i haven`t actually done anything yet or made any money so should i have taken this exemption. i don`t want to get in trouble with irs. dealer said he knows of no one having a problem doing this?
This Question Has Not Yet Been Answered.
