Depreciation of Farm Assets and Child Support in Illinois

Rincker Law Family/Matrimonial Law Leave a Comment

Many times clients contact me on a child support matter who own farms and, accordingly, have expensive farm equipment.  Farmers usually take deductions on the depreciation of expensive equipment on their tax returns.  This MAY affect child support, as a trial court has discretion to include nonrecurring income in calculating net income for child support purposes. See In Re Marriage of …

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