July 6, 2015
Transferring Farm Assets or Retiring From Farming: Tax Tips When You’re Gifting or Inheriting
Editors Note: This is Part Two on the ins and outs of U.S. Tax Law when passing on your farm and assets. Part One covered what happens when you sell them. Gifting If you are giving a farm asset as a gift, the receiver gets the asset as well as the tax basis (the amount […]