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  • Profile Picture

    RE: Sale of Home and Farm

    Is the house and farm land on the same deed? on the same property tax statement? if together then claim it all.,if separate then that's a problem. Definition of home includes adjacent and connecting property. ------------------------------ Anedra...

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    RE: Sale of Home and Farm

    I'm not sure there is a hard limit on it. There is a requirement that the land be used as part of the primary residence. Whatever is used as farm land clearly doesn't qualify. Reg 1.121-1(b)(4) example 4 lists an example with 30 acres and...

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    RE: Sale of Home and Farm

    I can't find the case but when I taught farm issues for Auburn University Tax Seminar in 1998-2000 there was a case where 120 acres was included in the exemption amount. The house was not on a separate deed from the land. I will try to find the...





Main Street Practitioner

In this issue of Main Street Practitioner:

  • You Can’t Be Everything to Everyone
  • Domestic Production Activities Deduction - Planning and Practicality
  • 24 Tips for Passing the Enrolled Agent Exam the First Time – Part 1
  • 24 Tips for Passing the Enrolled Agent Exam the First Time - Part 2
  • Changes in Financial Reporting: The Simplification Initiative
  • How to Grow Your Firm the Easy Way
  • Despite a Messy Season, Professionals Close the Office on Time
  • May-June President's Message
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