The 1031 Exchange has been an economic driver for 100 years and is still one of the most powerful land transfer and ownership tools for farmers and landowners. Farm families can utilize this as a way to pass along the farm without the burden of a lot more taxes. In this episode, Successful Farming Markets Editor Mike McGinnis talks with David Brown, President and Certified Exchange Specialist with Iowa Property Exchange. Their discussion explains what the 1031 Exchange is all about, and how estate taxes and stepped up basis can be connected with the program.
Learn more about your ad choices. Visit megaphone.fm/adchoices