Taxpayers considering selling their farm or ranch with a primary residence can utilize both Section 121 and Section 1031 to exclude and defer capital...
Tag - Section 1031
When selling farmland or a ranch that has both a primary residence and land, it is important to consider the tax consequences of Internal Revenue...
Section 1031 of the Internal Revenue Code (IRC) requires the knowledge of many 1031 exchange tax rules. Violation of just one can jeopardize the tax...