The section 1031 exchange is part of the Internal Revenue Code that allows a taxpayer to sell appreciated real estate, to purchase other real estate and to defer tax on the gain. Congress is debating tax reform and IRC section 1031 exchanges are threatened. The 1031 exchange benefits millions of American investors and businesses every […]

You’ve worked hard to create the equity in your farm or ranch. When it comes time to sell, you need to work smart to preserve that equity and to make your money work as hard for you as you have worked for it. I grew up working on ranches in Lewistown, Montana. As a financial […]

The IRC Section 1031 Exchange is one of the most powerful tax saving and wealth building tools available for people selling highly appreciated real estate. A properly structured 1031 exchange allows a family selling a farm or ranch to sell land, to reinvest the proceeds in other “like-kind” real estate, and to defer capital gain […]

This article illustrates the sale of a highly appreciated $10 million ranch. It will examine how the use of proven wealth preservation strategies will allow a family to: Decrease taxes paid on the sale Increase annual income for retirement Increase wealth passed to heirs Increase money left to charitable organizations The advanced planning strategies include: […]

In my 26 years as a financial advisor to agriculture families, I’ve learned that farmers and ranchers hate paying annual income taxes. Sadly, however, many fail to avoid paying tax on the biggest tax event of their lives – when they sell their farm or ranch. If you sell land that has appreciated in value […]