How Tax Reform Affects Agribusiness and Cooperatives

  • 5/30/2018
  • Webinar
  • Hosting Speaking

The Tax Cuts and Jobs Act of 2017 was supposed to simplify the tax code, but this legislation is anything but simple for farmers and cooperatives. QBI, excess business losses, and interest expense limitations: where is the simplicity tax reform promised to us? Agricultural taxation is now more complex than ever.

The 2018 Omnibus spending bill included a provision to amend the Section 199A deduction in order to restore the benefits provided under Section 199 and restore the competitive balance between cooperative and non-cooperative organizations. Watch the webinar to learn how the final tax bill may affect your farm or cooperative.

We discussed:

  • Section 199A
  • Business interest expense limitation
  • Entity selection
  • Business losses and net operating loss rules
  • Tax rates
  • Like-kind exchanges (Section 1031 exchanges)


Event materials