West Central Illinois | srfarms1990 - 5/8/2025 14:43
If I moved to The Lake of the Ozarks and sold Illinois farmland sometime in the future, would the capital gains be taxed at the Illinois rate? Assuming yes.
But sales of individual stocks would no longer be subjected to state capital gains tax?
Bonpas
You could possibly 1031 into Missouri land and then sell it. But that might cause some Misery. Just kidding, Missouri folks. |