Selling the Farm When You Retire

What happens to the tax when you finally sell the land?
Course #: FN-057
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Field Note Description

Selling your farmland is often the biggest financial move of your career, and the tax can take a real bite. This Field Note walks through how the gain is taxed, the ways to spread that tax over several years, and the breaks that may apply — for the home that sells with the farm and, in some states, for retiring farmers. It’s for any farmer or rancher thinking about selling the ground and stepping back.