← FarmCPA Home

Tag Archive: "1031 exchange"

How to Blow a 1031 Exchange

By: | Trackback URL | No Comments

August 15th, 2013

Recently, I had a taxpayer call me about the sale of some farm land.  The taxpayer had sold 80 acres for $960,000 that they had inherited from his mother about 20 years ago.  The tax basis in the property was about $150,000 so they were facing an $800,000 long-term capital gain which would cost them […]

More

1031 Tax-Deferred Exchange Does Not Always Defer All Taxes!

By: | Trackback URL | 3 Comments

February 18th, 2013

With farmland prices at or near an all-time high, many farmers are considering selling their farmland and rolling over the gain into other real estate on a tax-deferred basis using a Section 1031 tax-deferred exchange.  Under these rules, the farmer has 45 days from the date of closing (not when you sign the offer) to […]

More

Subscribe to this blog by:

Previous Posts

Events

View upcoming speaking engagements and other networking events for Paul Neiffer and CliftonLarsonAllen’s agribusiness team.

See All

  • Twitter Feed

    Just saw a bighorn sheep eating grass in the bank next to the freeway. Less than 30' from my car. 2 days ago

    After 82 days in a rental car my wife has talked me into a cruise. We leave Thursday for Miami. Can't wait 4 days ago

    Will final ear weights set a new record. If so final corn yield will be going higher (unless we get an early hard freeze) 1 week ago

    Getting Train the Trainer info on the new Dairy Margin Protection program today in Denver. Learning a lot so far 1 week ago

    Has the chatter on an early freeze disappeared or is it just dormant 1 week ago

    Ag Economy; Policy Issues; and, Political Notes: farmpolicy.com/2014/09/05/ag-… 1 week ago

    Nothing prettier in August than to see rain water on the ground. At least the crops like it 3 weeks ago

    If tenants have compensated landlords fully for cash rents over the last few years, it will be much easier to get them to accept lower rents 3 weeks ago

    Is this Russia / Ukraine a case of buy the rumor / sell the news 3 weeks ago

    Nice rain and warmer temps yesterday should make good growing conditions 3 weeks ago