RE:RE:RE:RE:RE:RE:RE:God bless farmersfishcarrier wrote: Packer, why should a farmer not get an exemption from capital gains when he sells his farm (limit 1 M). If you bought a house 40 years ago, you would be exempt from paying cap. gains too. And that would be quite a high number as well.
Does the farmer not get an exemption on the value of the house on the farm if he actually resides on the farm?