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Q:  What requirements must be met in order to take the estate tax farm deduction?

  • The land must have been farmed by the decedent or a member of the decedent's family at the time of the decedent's death.  
  • The decedent must have been a citizen or resident of the United States . 
  • The farm must comprise at least 50 percent of the total estate's adjusted value. 
  • The farm must pass from the decedent to a qualified heir. 
  • At least 25 percent of the value of the estate must consist of farm land that was actively managed for at least five of the last eight years.
More information
More information about estate tax
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What happens if the farmland and equipment comprises less than 50 percent of the total value of the estate?
In regards to the estate tax deduction for farms, what is the definition of a farm?
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