How land title affects stepped-up basis for NE farms

Center for Ag Profitability offers help for avoiding capital gains taxes

  • How farmland is titled can significantly affect whether heirs receive a full, partial, or no stepped-up basis. Understanding these ownership structures can help Nebraska farm and ranch families make more informed transition and estate planning decisions.
    How farmland is titled can significantly affect whether heirs receive a full, partial, or no stepped-up basis. Understanding these ownership structures can help Nebraska farm and ranch families make more informed transition and estate planning decisions.
    For many Nebraskans, agricultural land is the most valuable asset they own. While much attention is given to who will inherit land, how the land is titled can be just as important, especially when it comes to whether heirs receive a full stepped-up basis, a partial step-up, or no step-up at all.Understanding how land title affects stepped-up basis can influence future capital gains taxes, l...

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