Ag Law In The Field

Pat Dillon is back!  Taxes are not my area of expertise, so I called in the expert from Iowa.  Pat walks us through all the info related to capital gains taxes.  What are they?  When are they owed?  What is a stepped up basis? How do we know when this is a concern? Should this impact an estate plan?  He'll answer all of these questions! Contact Info for Pat Dillon (Website) http://dillonlawpc.com/  (Email) info@dillonlaw.com (Phone) 563.578.1850 (Twitter) https://twitter.com/Dillonlaw    Links to Topics Mentioned on the Show Pat's prior podcast episode - True Stories from a Small Town Lawyer Blog post on Transfer on Death Deed Blog post on Lady Bird Deed Fact sheet I co-authored with Terry Griffin on how to use USDA data to help estimate stepped up basis value