• Skip to primary navigation
  • Skip to main content
Texas and Southwestern Cattle Raisers Association

Texas and Southwestern Cattle Raisers Association

To Honor and Protect the Ranching Way of Life

  • Home
  • Who We Are
    • Why Join
    • Leadership
    • Staff
    • Partners
    • FAQs
    • Newsroom
    • Sponsorships
    • Employment
  • What We Do
    • Theft and Law
    • Issues and Policy
    • Education
    • Students and Young Professionals
    • The Cattleman Magazine
    • Disaster Relief Fund
    • Cattle Raisers Insurance
    • Cattle Raisers Trading Co
  • Events
    • Cattle Raisers Convention
    • Policy Conference
    • Summer Meeting
    • Ranch Gatherings
    • Ranching 101
  • Join
  • Member Center
  • TSCRA Store
  • Show Search
Hide Search

Cow-calf Corner: Weather related sales of livestock tax rules

JC Hobbs, Associate Extension Specialist, Department of Agricultural Economics

Over the past several months I have received many calls from livestock producers wanting information concerning the application of the Weather Related Sales of Livestock Rules provided by the IRS.

Last week, the IRS released Notice 2022-43: Extension of Replacement Period for Livestock Sold on Account of Drought. It reports that livestock producers in all 77 Oklahoma counties qualify for the 4 year extended period for replacing breeding, dairy, and draft animals that were sold in excess of normal beginning September 1, 2021 and during 2022. The beginning of the replacement is the first 12 month drought free period (September 1 to August 31). Producers electing to replace animals will have until December 31 of the fourth year. More detailed information can be found by using Google and searching for IRS Notice 2022-43.

In addition, the Secretary of Agriculture federal disaster declarations for this year allow livestock producers to postpone reporting the gain from sales of any livestock in excess of normal for 2022 to be reported on their 2024 income tax return. The following map provides proof of the declarations by county from the secretary. More detailed information can be found by using Google and searching for USDA Secretary of Agriculture Drought Disaster Designations 

In both scenarios, the treatment only applies to the number of animals sold in excess of normal annual sales.

Written by:
Jaclyn Roberts
Published on:
October 19, 2022

Categories: TSCRA Update

Recent Posts

TSCRA Talk Episode 65 – Direct beef sales – tried and true wisdom 

June 23, 2025

Kayla Jennings with Jennings Ventures and Tucker Brown of the R.A. Brown Ranch join TSCRA …

Continue Reading about TSCRA Talk Episode 65 – Direct beef sales – tried and true wisdom 

TSCRA commends Secretary Rollins and USDA on Texas sterile fly facility

June 18, 2025

FORT WORTH, Texas (June 18, 2025)— U.S. Secretary of Agriculture Brooke Rollins today announced …

Continue Reading about TSCRA commends Secretary Rollins and USDA on Texas sterile fly facility

Crime watch: Brangus bull missing in Fayette County

June 13, 2025

Texas & Southwestern Cattle Raisers Association Special Ranger Kenny Murchison, District 20 in …

Continue Reading about Crime watch: Brangus bull missing in Fayette County

Footer

Who We Are

Why Join
Leadership
Staff
Partners
FAQs
Newsroom
Sponsorships
Employment

What We Do

Theft and Law
Issues and Policy
Education
Students and Young Professionals
The Cattleman Magazine
Cattle Raisers Insurance
Cattle Raisers Trading Co.
Texas and Southwestern Cattle Raisers Association

Information

Cattle Raisers Blog
News Releases
Bereavements
Events
Sponsorships & Advertisement
Tip Hotline
Get Involved
Links

Membership

Membership Center
Membership Center Instructions
Join
Renew
  • Email
  • Facebook
  • Instagram
  • Twitter
  • YouTube

PO BOX 101988
FORT WORTH, TX 76185

1-800-242-7820

© 2023 Texas & Southwestern Cattle Raisers Association; All Rights Reserved.

COPYRIGHT | PRIVACY POLICY | TERMS OF USE