DTN Tax Columnist Andy Biebl is a CPA and tax partner with the accounting firm of CliftonLarsonAllen in Minneapolis, Minn., and a national authority on agricultural taxation. To pose questions for upcoming columns, email AskAndy@dtn.com.
I understand I can give land to charity, but retain either the rent or farming income from the land while I am alive, and still get a charitable deduction now. If you are going to give land to charity after death anyway, does it make sense to get a charitable deduction while alive in this manner?
Yes, it makes great sense. The ...