IRS proposes rules on farmland installment payments
The proposed regs apply to taxpayers who sell or exchange farmland to qualified farmers and elect to pay the tax on the gain in four equal annual installments.
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The proposed regs apply to taxpayers who sell or exchange farmland to qualified farmers and elect to pay the tax on the gain in four equal annual installments.
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The useful part
The proposed regs apply to taxpayers who sell or exchange farmland to qualified farmers and elect to pay the tax on the gain in four equal annual installments.
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