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Land inflation and 1031 exchanges
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Orfarmer
Posted 11/28/2022 08:41 (#9954025 - in reply to #9953769)
Subject: RE: Land inflation and 1031 exchanges



Roanoke, IN
That's why I say eliminate stepped up basis, 1031, and death tax and keep tax rates low. Original basis passes to heirs. If they cash in, they pay. If not, keep grandpappy's $200 basis. If you make a wise investment, pay a little tax when you decide to cash out. Don't put beginning farmers at a disadvantage thanks to uncle sam controlling your actions.

If you wanna keep the family farm in the family, keep on rolling without interference from uncle Sam or having him call the shots from the sideline.
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