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Pittsburg, Kansas | We have two C corporations with brokerage accounts. We have had one for many years, our original C corporation. The other we only opened the brokerage account at the time we sold out our farm rolling stock, miscellaneous and final crop year and had a lot of cash to invest. That latter account is only about 4 years old.
We paid a pot load of taxes on gains when we sold out our farm equipment and crops and get to pay again on the recent CEF and PSLV sales in those accounts and if we ever need the money out of the corporations pay again as dividends in our personal income tax.
Not the smartest tax move I've ever made, LOL. But a nice "problem" to have anyway. C corporations don't get capital gains rates like individuals. All of it is taxed at regular corporate rates.
Looking back in retrospect, would have been better off to have closed the corporations, taken the tax hit then in one big lump (the personal was already bad anyway) and then let the gains since then been in the personal account and taxed at capital gains rates. Hindsight. Didn't know corporate brokerage accounts were going to almost triple in the last couple years. Like I said, nice problem to have anyway.
Net worth has increased more in the last two years of non farming than in 49 years of farming. Of course we did make a living along the way so there is that. Off farm investments have done nicely since wrapping up the active farming operation.
Edited by John Burns 1/31/2026 07:06
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Interesting day in the metals market.
