IRS 1031 Tax-Deferred Exchanges, TOD & Trusts
Many of our most satisfied clients have a conversation with us about capital gains taxes, estate taxes and how to best sell a farm while keeping taxable events to a minimum. Depending on you or your family trust financial circumstances, there are a variety of strategies that can be implemented prior to closing and after the sale of your farm real estate that could help reduce the tax burden. Since 1977 we have helped landowners, farm families and investors plan and sell farmland & wooded property in Indiana and Illinois agricultural farms utilizing these valuable techniques.
Farm Real Estate Tax Issues | Capital Gains & Estate Taxes
Will the net dollars from the sale of your farm be adequate for your financial situation? Do you need to plan for a continued income stream after the farm is sold? Planning for Charitable Remainder Trusts, Unitrusts or specific Annuity Trusts could be right for you. Have a conversation with an experienced land broker who understands how important these issue are to you. No two financial situations alike, therefore careful considered on any farm sale must be taken into account prior to listing.
- Completed our first 3-way IRS 1031 Tax Deferred Exchange in 1977
- Reverse 1031 Exchanges
- Have worked with Transfer on Death (TOD) probate type sales
- Advised on paths to creating income streams after a farm sale while reducing capital gains
- Develop plans and language prior to the sale to move your tangible & cash assets into Chartitable Remainder Trusts
- and more!
Good Listeners & Proactive Communicator
My family sold some property and we were looking to do a 1031 exchange in Tippecanoe County and Johnny was one of the people we called. He was super responsive and easy to work with. Johnny is a good listener, proactive communicator, and very consultative. Even after we closed on the farm property, Johnny was available to answer our questions and introduce us to the neighbors. If you are looking to purchase a farm in Indiana, I highly recommend you give Geswein Farm & Land Realty a call. You will be glad you did!
