Article

Weather-Related Sales of Livestock Eligible for Deferral of Gain

Author
  • Robert P. Achenbach (Agricultural Law Press)

Abstract

The IRS has published Notice 2018-79 that provides guidance regarding an extension of the replacement period under I.R.C. § 1033(e) for some livestock sold on account of drought in 2018 in specified counties listed in the Notice. The Notice provides farmers and ranchers one method of deferring gain for four or more years from the forced sale of livestock due to weather-related conditions. A one-year deferral method is also discussed below.

How to Cite:

Achenbach, R. P., (2018) “Weather-Related Sales of Livestock Eligible for Deferral of Gain”, Agricultural Law Digest 29(20), 153–155.

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Published on
19 Oct 2018