Farmer Equals Step-Up – Share-Crop No Step-Up

  • Blog
  • 7/6/2017
When a farmer passes away, the heirs can get a step-up in basis on farm inputs and deduct them again. However, if this is a crop-share landlord, the tax rules may prevent this double deduction.
This blog contains general information and does not constitute the rendering of legal, accounting, investment, tax, or other professional services. Consult with your advisors regarding the applicability of this content to your specific circumstances.

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