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Being honest
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<blockquote data-quote="kenny thomas" data-source="post: 1607297" data-attributes="member: 8993"><p>If your only reason for a farm is that tax break here are some things to ask about. Many of the improvements on the farm are considered as such just improvement and only helps with the capital gains once sold. This includes boundary fences and in some instances Wells and water system. Buildings also. </p><p>Another is the cost share which TN offers. I'm pretty sure it considered a taxable income. </p><p> Make sure you really understand what is really going to happen.</p></blockquote><p></p>
[QUOTE="kenny thomas, post: 1607297, member: 8993"] If your only reason for a farm is that tax break here are some things to ask about. Many of the improvements on the farm are considered as such just improvement and only helps with the capital gains once sold. This includes boundary fences and in some instances Wells and water system. Buildings also. Another is the cost share which TN offers. I'm pretty sure it considered a taxable income. Make sure you really understand what is really going to happen. [/QUOTE]
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