Posted 12/29/2024 10:43 (#11031396 - in reply to #11031383) Subject: RE: Will the younger farmer not accept an opportunity when given?
20 Miles West of Indianapolis Indiana
David - 12/29/2024 10:34
It’s a tax delay. Not really a tax break.
I guess a step up in basis could be considered a type of tax break.
Once the owner dies and it transfers to the next generation they get stepped up basis and the tax vanishes is the way I understand it if it is below a dollar value. I probably am incorrect about part of that. Not something I’ve looked into extensively.
Will the younger farmer not accept an opportunity when given?
