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Department of Revenue: CRP land can qualify for the capital gain exclusion
Good news for gentleman farmers everywhere. From a protest ruling by the Department of Revenue: The protester owned a share of farmland that was sold in 2005, and claimed a capital gain deduction on...
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Yes, Iowa does have a capital gain exclusion for long-held farm land
A reader asks farm-tax blogger Paul Neiffer, “Does Iowa have a reduced capital gains tax rate on sale of farm land held for 15 years?” Actually, Iowa allows an exclusion for capital gains on certain...
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Tax Roundup, 2/21/14: Last-day out edition. And: another Iowa top-ten finish!
Today’s the last day of this season’s only extended road trip, so here are a few items to travel with. Another top-ten finish for Iowa. In “How High are Capital Gains Tax Rates in Your State?” Kyle...
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Tax Roundup, 3/7/14: Expanded Iowa 10-and-10 capital gain break advances....
Expansion of Iowa 10-and-10 gain exclusion advances. The bill to expand the availability of Iowa’s super-long-term capital gain break cleared its first legislative hurdle this week, as a House Ways...
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Tax Roundup, 8/14/14: Department of Revenue says: no SE Tax, no Iowa gain...
Cash Rent, failure to pay self-employment tax ruled fatal to Iowa capital gain exclusion. Iowa has an unusual capital gain exemption on sales of farm and business property for taxpayers meeting both a...
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Tax Roundup, 5/19/16: To get an Iowa capital gain break, start with a capital...
Not all gains are capital. Iowa has an unusual exclusion for a narrow set of capital gains. If a taxpayer incurs capital gains on the complete sale of the assets of a business, or of business real...
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