Of all the things raised on a farm, the most rewarding and the most challenging are always our children. At tax time, our kids bring us some extra joy. There are a variety of...
Read More >Posts about Farm taxes
When buying or selling farmland, understanding how capital gains and the calculation of an asset's basis can impact your taxes is crucial. This article explores the basics of...
Read More >When you buy farmland, it is often the case that you are buying tillable acres and only tillable acres. Sometimes the farmland comes with buildings or other assets. Many times our...
Read More >(This article was updated February 28, 2022 to include changes made to the federal depreciation rules)
Read More >