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IRS Gives USVI Farmers More Time to Replace Drought-Sold Livestock and Defer Taxes

15 October 2026
This content originally appeared on The Virgin Islands Consortium.
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The IRS's 2026 drought list includes St. Croix, St. Thomas and St. John, allowing eligible livestock producers whose replacement deadlines expire this year additional time to rebuild herds and defer tax on qualifying sales as severe drought persists.