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Article
Indebtedness in Excess of Basis
Agricultural Law Digest
Disciplines
Abstract
The financial trauma of the 1980s has left a legacy rarely seen in the years since the Great Depression of the 1930s — indebtedness in excess of basis on farm property. While this state may be of only modest concern so long as the property is not sold or exchanged, any event requiring a realization of the gain, poses potentially serious additional income tax liability for the taxpayer.
Publication Date
10-12-1990
Citation Information
Neil E. Harl. "Indebtedness in Excess of Basis" (1990) Available at: http://works.bepress.com/neil-harl/85/