Taxes

Articles and advice about property and land taxes

Horse grazing on farm in Kentucky

What You Need to Know About Taxes When Selling Your Land

Selling your land can feel like a daunting undertaking, especially when it comes to taxes. Here are some of the most important tax consequences and potential savings strategies to be aware of if you’re preparing to sell your property.

image of farmer standing in field

What the New Tax Law Means for Agriculture & Rural Landowners

The largest overhaul of the U.S. tax code in three decades went into effect this year, impacting farmers, ranchers and other rural landowners in a variety of ways. For the most part, financial experts anticipate benefits for these groups.

1031 Exchanges

Will Tax-Reform Push in Congress Eliminate Section 1031 Exchanges?

A view from the field about how changes to tax law being discussed in the U.S. Congress may affect 1031 Exchanges for landowners.

How to Establish a Timber Basis

Buying raw land is a long-term investment that can reap rewards beyond other real-estate transactions like commercial or rental properties.

Opinion: 453 is better than 1031

Congress is looking into the idea of changing IRC Section 1031. There are options to a 1031 exchange and in some ways, even a better option than a 1031 itself. The answer can be found in IRC Section 453.

land and property taxes

Taxes Don’t Have to Get Worse Whenever Congress Meets

High taxes tend too often to prevent the sale of a great property.

texas agricultural land trust

The Texas Agricultural Land Trust: Created by Landowners for Landowners

Conservation easements, as part of a comprehensive estate plan, can help families pass their ranches to the next generation.

farm selling tips

What You Need to Know When Selling a Farm or Ranch

If you're considering selling a farm or ranch, there are important tax and financial planning issues of which you need to be aware. We take a detailed look.

Section 1031

Section 1031 Is On The Tax Reform Table

There has been a lot of talk about the need to reform our huge and complicated tax code. Like most things in life, the tax code is neither all good nor all bad. As much as we hate taxes, we like many of the things they pay for, such as public schools, highways and national parks.

Understanding Section 1031 Tax Exchanges When Buying Land

Few long-term investments can match land for added income potential and enjoyment.