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Non-Tech : Who Really Pays Taxes?
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To: Shoot1st who wrote (36)8/14/2000 11:16:11 AM
From: TimF  Read Replies (1) of 666
 
if the inherited farm is not farmed by that generation is then receives a "best use" appraisal. This causes an evaluation far in
excess of what was presumed prior to death.


What if the inherited farm is farmed, for the year of the inheritence, and then the heir sells it or uses it for other purposes, does the government come after you for more tax money then?

Tim
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