Biden To Exempt Farms In Plan To Eliminate Stepped-Up Basis

By Jacqui Fatka

Farm Progress

In his first address to Congress Wednesday night, President Joe Biden will unveil his American Families Plan which calls for changing the existing tax code handling of capital gains and eliminating stepped-up basis. However, his plan will offer protections for family-owned businesses and farms who pass on the entity to their heirs.

READ MORE

don molino