A lot of farmland is being sold this year and many farmers will use a 1031 exchange to defer the gain. We review what type of property qualifies for the deferral.
I am frequently asked: “Should I maximize my earned income for a few years before retirement to increase my Social Security retirement benefits?” My answer is the typical, “It depends.”
The House want to eliminate discounts on non-business assets. Farms are business, but will farmland holdings also qualify as a business and get a discount.
The House Ways and Means Committee plans on capping the Section 199A 20% deduction. We now confirm the plan is not to limit the DPAD from a cooperative deduction.
Chris Barron has a podcast called the Ag View Pitch and I recently did a podcast with him on farm business structure. I encourage you to take a listen.
Find all new online educational content in the Auditorium starting at 7:30 a.m. CDT Thursday. Join us for the Early Riser Panel: Cut Through the Grain Marketing Confusion and much more!
Check out Day 2 of #FJFieldDays. Over the next week, we’ll bring together thousands of farmers online in the virtual platform and in person at our location field days.
Whether you’re looking for cutting edge agronomy, machinery updates, business tools or insights on livestock production, there’s something for everyone. Don’t miss out on this free event, Aug. 23-27!
