August, 2018
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Proposed Regulation Has Favorable Loss Allocation
The new Section 199A Proposed Regulations actually have a favorable calculation for dealing with losses in situations where the taxpayer is over the threshold and has a wage or wage and qualified property limitation.
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Quick Update on Section 199A Guidance from IRS
The IRS finally released Proposed Regulations on Section 199A. Some of it is positive and some is negative. We recap the major items related to farm operations.
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Is a DST for You?
Farmers normally exchange farm real estate for farm real estate to defer the capital gains tax. However, there are some situations where rolling the gain into a Delaware Statutory Trust (DST) may make more sense. We explain why.
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Good News On Partnership Purchases
The IRS just issued new Proposed Regulations that have some good news for partners buying into a partnership. We explain how.