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Buying LandOwning Land

2024 Tax Season Preparation Tips

November 22, 2023

“If I had purchased a farm this year, I would certainly be talking to some professional whether that’s a CPA, a Land Professional with National Land Realty, or somebody who understands [IRS] Tax Code 180. That’s what I would do as soon as possible,” stated CEO of National Land Realty Ronnie Richardson earlier this week during an interview on RFD-TV.

During the interview, Ronnie provided tips for landowners and farmers to prepare for the 2024 tax season. He also explained the ways that IRS Tax Code 180 can be used to claim depreciation on excess soil fertility on a farmland purchase. To listen to all of Ronnie’s tips for next year’s tax season and learn more about the incredible power of IRS Tax Code 180 for landowners,

View the full interview here!

About the Author
National Land Realty specializes in farm, ranch, recreational, timber, country estates, and commercial development properties. We’ve created the world’s best way to buy, sell, lease, and experience land. One seamless hub of knowledge, unprecedented data, and game-changing technology— accessible from anywhere. Our agents offer local expertise, with the support of a national network.