Exchanging Thoughts

Cows??

Posted by Margo McDonnell on Mon, Jul 16, 2012

There are many 1031 exchanges facilitated each year involving agricultural assets. Of course, the land can be exchanged for other land or any real property to be held for investment or use in a trade or business. However, farmers have many other assets that qualify for 1031 tax-deferral. Two of the most commonly exchanged assets are livestock and equipment. 

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Topics: agricultural exchanges, like-kind property, 1031 Exchange, ag exchanges, farm 1031