This week on our podcast, we are joined by Steve Troyer. Steve Troyer is a Tax Partner at Eide Bailly, one of the most prominent tax and business consulting firms in America. Steve also is Partner in charge of Agricultural Producers at Eide Bailly. Steve has been with Eide Bailly for 23 years and in the business for 36 years. He is a graduate of the University of North Dakota.
Steve explains in sharp detail the Capital Gain Tax Rates for 2021. The Capital Gain Tax Rates are reasonable in the tax environment today in America but that may all change as Congress and the Administration search for additional tax revenue to address the out of control national debt. The Capital Gain Tax is a progressive tax and is part of your Adjusted Gross Income (AGI). This will likely have a significant impact on all landowners who are considering selling their land.