When selling land, whether farmland, timberland or raw land, federal and state taxes are triggered and due in the year following the sale.
Tag - Deferred Sales Trust
The kids have grown, the company no longer uses the property as a retreat, the taxpayers want to downsize or the price offered represent a number of...
With the recent increases in farmland values and drop in real estate prices, some smart landowners might consider selling their farm and purchasing a...
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...
When selling a capital asset, it is critical to include the tax consequences of the transaction in the decision making process. Three taxes are...