Taxlink
No gain or loss is recognized when property is involuntarily converted into similar property or property related in service or use. Rod Mauszycki explains this IRS code.
Rod Mauszycki
DTN Tax Columnist
Rod Mauszycki is a principal in the Agribusiness and Cooperative group at CliftonLarsonAllen. He specializes in tax compliance, planning and research. Mauszycki has broad experience in corporate, partnership and individual tax matters including mergers and acquisitions, tax planning, succession/transition planning, tax return review and federal and state controversies. He earned a masters of business taxation at the University of Minnesota, bachelor of science degree from the University of Notre Dame and a law degree from Stetson University.
More From This Author
-
-
Taxlink
DTN Tax Columnist Rod Mauszycki explains stepped-up basis and why it's important to estate planning and farming.
-
Taxlink
DTN Tax Columnist Rod Mauszycki gives an overview of 1031 Exchanges for those farmers considering leaving farming.
-
Tax and Estate Planning Review
The IRS didn't change a lot in 2020, but the outcome of the general election could increase concerns of coming change for heirs of farmland.