1031 Farmland Exchange for Primary Residence
With the recent increases in farmland values and drop in real estate prices, some smart landowners might consider selling their farm and purchasing a new home.
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With the recent increases in farmland values and drop in real estate prices, some smart landowners might consider selling their farm and purchasing a new home.
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After reading Jeanne Marie Laskas great article “Breeding the Perfect Bull” published in the Smithsonian Magazine, I wondered whether a 1031 tax deferred exchange would make sense when…
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Farms and ranches are made up of real and personal property. Depending upon the intent of the owner, land can be sold in a 1031 exchange replacing with a variety of real property choices including real estate…
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When selling property, there are 4 ways to receive the proceeds. The 4 ways include cashing out, a 1031 exchange, owner financing and an installment sale.
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When selling a capital asset, it is critical to include the tax consequences of the transaction in the decision making process. Three taxes are typically triggered when a capital asset is sold including federal and state capital gain and recaptured depreciation.
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