NEWS
Ask the Taxman by Andy Biebl
Andy Biebl DTN Tax Columnist
Mon Mar 3, 2014 01:39 PM CST

DTN Tax Columnist Andy Biebl is a CPA and principal with the accounting firm of CliftonLarsonAllen LLP in New Ulm and Minneapolis, Minn., and a national authority on agricultural taxation. To pose questions for upcoming columns, email AskAndy@dtn.com.

Q. Because it appears Section 179 will be much lower this year than in the past, I was wondering if the IRS would allow a depreciated tractor to be traded in on a new machine shed without claiming any value for the depreciated tractor.

A. Section 1031 of the tax code does allow tax-deferred exchanges, but there is a "like-kind" requirement. Most ...

Quick View
Related News Stories
View From the Cab
IARC: Possible 2,4-D Cancer Link
Evolution of Farm Kid Jobs
Never Going Back
The Pollinator's Dilemma
Russ' Vintage Iron
View From the Cab
Biobased Industry Touted
1993 Flood vs. 2015's Wet Spring
Monsanto and Syngenta Tango