The recapture of special use valuation estate tax savings will not have income tax implications.

Question

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The recapture of special use valuation estate tax savings may result in income tax implications. When the property is sold or transferred outside the family, the recapture may trigger a capital gain tax. Additionally, the recapture amount may be subject to self-employment tax for farmers and other self-employed individuals.

The Recapture of Special Use Valuation Estate Tax Savings Will