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| Hog, a strategy that may accomplish what you’re asking for would be simply to create a loss by massaging grain sales on the farm up to the amount of IRA balance, and liquidate it bringing income up to zero. Use the funds to payoff operating line for good. You will not have an interest deduction any longer cuz you won’t be paying any interest. At your age receiving 6% on the money each and every year is a heck of a deal. Run it past your CPA and get his/her opinion. Report back your findings here if you wouldn’t mind.
Edited by Boone & Crockett 1/29/2019 06:06
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