barrow/borrow

[GSCole]

I can't find the applicable publication, but I seem to remember that
borrow pits are noted somewhere in the U.S. tax code.  Years ago, in an
undergrad class, a professor noted that the material removed from a
borrow pit, as by a contractor/owner, could be written off under the tax
code, much as if oil removed from the ground.  [It is not depreciated,
there is another term that escapes me at the moment.]  Interestingly,
the resultant  borrow pit 'hole' is property with value.  If the hole is
filled in, as with refuse, there is a tax write off once more.

The above info is not presented as tax advice.  Please see your trusty
accountant before writing off borrow pit costs.

George S. Cole   gscole at ark.ship.edu
Shippensburg University