Proposed Regulations on Income Tax Payable on Sale of Farmland

The Internal Revenue Service has published proposed regulations on the installment payments of federal income tax that may be payable on the gain realized in a qualified sale or exchange of farmland under I.R.C. section 1062. “Election To Pay in Installments Tax on Gain From Certain Farmland Property,” 91 FR 61367 (9/29/2026).

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