Skip Navigation Home Search Contact About Home
Download a copy of the free Adobe Acrobat Reader to view and print information provided as PDF files.
Get Adobe Acrobat Reader

Download Free RealPlayer
In order to hear the RealMedia content, you need to have a RealPlayer installed on your computer.
 
Farm Succession » General Resources » Tax Planning » Income Tax

Income Tax

A sale of assets causes the seller to recognize gain or loss for both federal and state income tax purposes. Giving away assets during lifetime or transferring them at death has an income tax effect on the recipient because of the differing effects on the recipient’s income tax basis.

Resources
© 2012 Board of Regents of the University of Wisconsin System, doing business as the Division of Cooperative Extension of the University of Wisconsin-Extension. If you have any questions regarding this site's contents, trouble accessing any information on this site, require this information in an alternative format or would like to request a reasonable accommodation because of a disability email: joy.kirkpatrick@ces.uwex.edu