The confusion over the pre-death and post-death material participation requirements for special use valuation and the family-owned business deduction has been heightened by incorrect statements in the committee reports and the instructions to Schedule T of Form 706. Unfortunately, our own article in the September 15, 2000, issue of the Digest did not contribute much to clearing up the confusion. The importance of the issue justifies another try at clarification.
"Confusion Over Material Participation,"
Agricultural Law Digest: Vol. 11
, Article 1.
Available at: https://lib.dr.iastate.edu/aglawdigest/vol11/iss20/1