|
SW MN | Here's how my dad had me pay for machinery. Machinery was priced at fair market value, minus capital gains tax. Then every year he and mom gifted me X dollar amount, (machinery divided up into dollar amount allowed per year) I then paid his, fertilizer, seed, and chemicals for his share of the ground we farmed on shares until paid off.
I currently have a Revocable living Trust, and now also a Limited Liability, Limited Partnership (LLLP) that my land has been put in, Minnesota has Stiff DEATH TAXES.. They take 60% of what you make then a HUGH % when you die!! they are licensed thieves !! ALL WHILE DESTROYING OUR COUNTRY AND STATE!
Edited by Tazzerblue 1/18/2026 08:17
| |
|
How does a lease-to-own work?
