1P1 EXCESS SOIL FERTILITY VALUATION SERVICES

We review your transaction history and purchase timing to assess eligibility, with guidance to involve your tax advisor. No obligation.

Yes, as long as you meet the remaining criteria, inherited land is eligible for new tax deductions. This is one of the biggest reasons you should consider soil valuation, as it is beneficial for long-term land holders.

Gifted land (different from inherited land) is not eligible for tax deductions with soil valuation. Other factors that could impact eligibility include, but aren’t limited to: less than 10 acres, taxable income less than $50k, or older acquisitions with low historical nutrient prices.

Our team will help you pull together documentation, including purchase or inheritance records, past crop and fertilizer input histories, and ownership documentation. If you’re missing something, we’ll help you figure out the next steps.

From initial consultation to final report, the process typically takes a few weeks, depending on the speed of testing and data collection.

We coordinate with your CPA to ensure the deduction is properly applied and defensible.

Each case is different, but some families see tens of thousands in deductions. We can estimate your possible benefit after our first call. Please reach out to schedule a consultation.