To: george76
I’ll need to see some documentation to verify this. My understanding is that the U.S. tax code exempts a farm from the estate tax as long as the heirs who receive the asset continue to operate it as a farm.
7 posted on
12/11/2012 6:39:39 PM PST by
Alberta's Child
("I am the master of my fate ... I am the captain of my soul.")
To: Alberta's Child
I’ll need to see some documentation to verify this. My understanding is that the U.S. tax code exempts a farm from the estate tax as long as the heirs who receive the asset continue to operate it as a farm. On NPR tonight they said family farms don't have to worry because they can pay the tax in installments.
8 posted on
12/11/2012 6:45:43 PM PST by
palmer
(Jim, please bill me 50 cents for this completely useless post)
To: Alberta's Child
My understanding is that the U.S. tax code exempts a farm from the estate tax as long as the heirs who receive the asset continue to operate it as a farm.Never heard of that. Don't believe it is true.
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