SAMPLE FOR REVIEW. Not sent to anyone.

The Erwin family land, Santa Cruz County

Currently listed for sale. Aerial: USDA NAIP imagery.

Aerial view of the property area

A 30-second look

CountySanta Cruz
Parcel sizeabout 128 acres

Three things worth knowing

Tax is often the thing that holds a sale back. The bill on a long-held farm can be large.
Section 1062 (2025). Gain on qualified farmland sold to a qualified farmer can be paid in four equal annual installments, if the seller elects and the land was farmed or leased to a farmer for substantially all of the prior 10 years. Federal only.
Who I am. Hans Goldstein, Enrolled Agent and installment-sale specialist. I grew up milking cows on a Wisconsin farm at age eleven.

Would spreading the tax over four years change your net?

Reply to hans@hansgoldstein.com. This is general information, not tax advice for your situation.

Map data: USGS National Agriculture Imagery Program.