Tiffany Lashmet

K-State agricultural economist Terry Griffin and Texas A&M agricultural law specialist Tiffany Lashmet talk about the new on-line aid that they have created for agricultural producers to use when determining the capital gains tax liability of a land sale, especially when the value of that land upon inheritance is unknown. They developed a series of tables for each of the continental 48 states that producers can use to calculate an estimate of the stepped-up basis for their property.