question for the tax pros

redsfann

ale connoisseur
Forum Member
Aug 3, 1999
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Somewhere in Corn Country
A dies in 2002. Leaves farmland to B,C, and D. In the probate land is valued at 5000 an acre. A parcel across the road sold last month for 10,000 an acre. B and C want to sell while the prices are high; D is wondering about the tax bill if the land was to sell for that 10K an acre. thanks!
 
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