The department has updated its guidance when there is estate recapture tax on qualified small business or farm property.

For more information, visit the Qualified Small Business and Farm Property Deduction page on our website.

You may also see the updated 2022 Form M706Q, Election to Claim the Qualified Small Business and Farm Property Deduction.

We also updated our subscription options to include Estate and Fiduciary tax list. Update your preferences if you want to add or remove email groups.

Questions?

Call us at 651-556-3075.