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Sw mn | I Al ways have wondered why it’s greedy to want to sell a house/land you have no desire in using.
Personally as a farmer, I support none farming siblings selling off the family land.
They can get $1,000,000 tax free at the age of 60 or collect a taxed rent check for $30,000 the next 20 years. It’s a no brainer. Sell sell sell.
CDs are at 5, that’s $50,000 and the original $1 million is still in the bank.
How else are farmers going to buy land if their isn’t sellers?
If my kids don’t farm I will sell off a few hundred acres to live large in retirement.
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Selling Shared property
