Some taxes should not be overlooked at any cost when selling a farm in Montana.

1. Taxes Applicable When Selling A Farm
In Montana

2. Some taxes should not be overlooked at any cost when selling a farm in Montana.
The taxes are usually determined by the allocation of sales prices of the overall
farm or ranch, including the assets. Here are the applicable taxes that can be
deferred by professional guidance.

3. Depreciation Recapture – 25 percent of the profit acquired
by selling depreciable capital property

4. Federal Ordinary Income Tax – 39.6 percent of the taxable
income

5. Federal Capital Gain Tax – 15 to 20 percent of economic
gains

6. State Taxes – applicable state tax varies from state to state.
Montana residents have to pay 6.9 percent tax.

7. New Medicare Surtax – 3.8 percent Medicare Surtax is
applicable to the net investment income.

8.  PHONE: HTTP://WWW.SOLIDROCKPROPERTY.COM/
 PHONE: 406-582-1264
 TOLL-FREE: 800-517-1031
 FAX: 888-204-1256
 EMAIL: CHRIS@SOLIDROCKPROPERTY.COM
 MONTANA OFFICE: 2020 CHARLOTTE STREET
BOZEMAN, MT 59718
 ARIZONA OFFICE: 9664 E. SIDEWINDER TRAIL.
SCOTTSDALE, AZ 85262