Is there a liveable house on the farm? if so look at moving there for two years. If you have lived in it for 2 years there is a $250,000 exemption, $500,000 for married filing jointly. Google Sale of Home Exclusion. I do not know all the requirements, but it sounds like you want to sell the property, but don't have to do it next week, so look at all the options and don't jump until you have all your questions answered. Good luck.
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Today's Featured Article - Upgrading an Oliver Super 55 Electrical System - by Dennis Hawkins. My old Oliver Super 55 has been just sitting and rusting for several years now. I really hate to see a good tractor being treated that way, but not being able to start it without a 30 minute point filing ritual every time contributed to its demise. If it would just start when I turn the key, then I would use it more often. In addition to a bad case of old age, most of the tractor's original electrical system was simply too unreliable to keep. The main focus of this page is to show how I upgr
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