Sure, you're going to be harvesting those perfectly ripened grapes from the vineyard. But what else will you be harvesting this season?
The Internal Revenue Service (IRS) recently issued a memorandum recognizing the allocation of land costs to an American Viticultural Area (AVA). If such land was acquired after August 10, 1993, the part of the cost attributable to an AVA is an intangible asset which can be amortized over fifteen years.
We created a tool to help you review your winery software expectations and offer a brief survey for users of winery software.