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Biden tax plan threatens farmers' use of like-kind exchanges

05/12/21 6:46 AM By Philip Brasher
KEYWORDS agricultural tax policy American Farm Bureau Federation capital gains taxes Center for Agricultural Law and Taxation Chye-Ching Huang Joe Biden kristine Tidgren Pat Wolff patricia wolff real estate taxation Section 1031 like kind exchanges stepped-up basis
One of President Joe Biden’s tax proposals to address economic inequality while raising new revenue for domestic spending priorities would make it harder for farmers to use like-kind exchanges to defer taxes when they sell land to acquire other acreage.
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Philip Brasher
Editor in Chief

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