Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are farms subject to the estate tax?

estate tax farms Subject
0
Posted

Are farms subject to the estate tax?

0 CommentsAdd a Comment

1 Answer

0

No. The value of farms and timberlands are deducted from the taxable value of an estate as long as certain requirements are met. This deduction applies to the land, farm structures and farming equipment.

0 CommentsAdd a Comment
What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.