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Within the family trust (Form 1041) there are 150 acres that
Within the family trust (Form 1041) there are 150 acres that our family used to farm. Now it is rented to a local farm and the trust gets the income from that. Would the trust qualify for the nys farm… read more
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Have there been any tax changes regarding AG exemption in the State of Florida, say in the last 5 years or so? We have a piece of property, 200 ac in size, and growing hay on say 15-20 acres. We had p… read more
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My parents are selling 24 acres of farm land they purchased over 25 years ago. The cost at that time was $1200. It may sell for $6,600. How do we calculate what the capital gains tax will be? Is there… read more
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