Farm CPA Report

Farm CPA Report

Share this post

Farm CPA Report
Farm CPA Report
Update on Section 1250 Exchange Rules

Update on Section 1250 Exchange Rules

My friend Chris Hesse indicated I need to update my discussion on Section 1250 property in a farm 1031 exchange

Paul Neiffer's avatar
Paul Neiffer
Aug 15, 2024
∙ Paid
5

Share this post

Farm CPA Report
Farm CPA Report
Update on Section 1250 Exchange Rules
Share
a white fence in a field with mountains in the background
Photo by Tyler Delgado on Unsplash

In our previous post on 1031 farm exchanges, we did not do the best job of explaining how 1250 property is handled in the exchange. My friend Chris Hesse reminded me and this post will provide an update.

A farmer may be able to exchange land with a farm building (Section 1250 property) into farmland with no Section 1250 property in certain situations.

If the building was originally depreciated on a straight-line basis, then the farmer can simply exchange into farmland.

Keep reading with a 7-day free trial

Subscribe to Farm CPA Report to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Farm CPA Report LLC
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share