### Question
How does Income Taxes define depreciable farm property?


### Answer
Under *26 U.S.C. § 144*, **depreciable farm property** is defined as:

> property of a character subject to the allowance for depreciation which is to be used in a trade or business of farming

#### Citation:
  - *26 U.S.C. § 144*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART IV-TAX EXEMPTION REQUIRE- > Subpart A-Private Activity Bonds**

