Columbia Basin, Ephrata, WA | ehoff - 12/24/2025 20:48
Our situation involves a step up in basis due to a death in the family and a material change in ownership and changing to an llc.
Sounds very similar to our situation. Our field was within dragline reach of a dairy so the excess fertility was easy to document.
Our accountant advises farmers that for maximum tax benefit they should die with full grain tanks and lots of pre purchased inputs = a lot of basis to get stepped up.
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Excess nutrient depreciation
