Income Tax Consequences of Sale of Farm Assets, Debt Cancellation and Bankruptcy
Casler, George L.
This bulletin is not intended to be an exhaustive treatment of income taxes related to farm financial distress. The intent is to give farmers and their financial and tax advisors some basic information about the tax consequences of financial distress. Sound advice should be sought from competent attorneys and tax practitioners.
A.E. Ext. 86-27
Charles H. Dyson School of Applied Economics and Management, Cornell University