Bloomberg BNA Report Addresses Farmer Concerns over Tax Reform

It is unclear where like-kind exchanges stand in forthcoming tax reform, but any tax plan that attempts to replace like-kind exchanges with immediate-expensing would create a big gap for taxpayers significantly invested in land assets since the immediate-expensing provision in the House Republican tax reform blueprint doesn't apply to land. This Bloomberg BNA Daily Tax Report from June 1, 2017 examines the particular plight of farmers in this scenario, for whom such a plan would be disastrous.

Read the full article: "Tax Reform That Kills Like-Kind Swaps a Red Flag for Farmers"

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