Tax planning: sale and exchange of farm land by individuals

This thesis is designed to assist the individual investor, farmer, real estate broker, tax practitioner, accountant, and other interested persons who have at some time acquired, or disposed of, farm land. There is much confusion among investors, farmers , and real estate agents as to the legislation, regulations, rulings, and decisions affecting the sale, or exchange of farm land. Many a farmer or investor sells or exchanges farm land, expecting sizable profits, only to see them dissipated by income taxes as a result of poor tax planning. Perhaps he has relied on the erroneous tax advice of unscrupulous real estate salesmen or promoters, then discovered, too late, that an advantageous tax alternative could have been selected at the time of the transaction, but was not.