How do I minimize taxes Selling a small business s corporation?
Without knowing the complete picture, I can only offer the following advice. A. With 1031, you point out you still need to reinvest it. Do you want to reinvest and postpone the gain? And wait until something happen and step-up method without paying the income tax. Remember if Republican take over, they will have no Estate Tax. And there is no step-up. B. With the current tax rate, you may want to consider sale the S corp as sale of stock. Sale of Stock vs. Sale of Assets When you sell stock, gains or losses are generally treated as capital gains or losses. Some items — goodwill, most real property gains, and any appreciation over the original cost of equipment — qualify as capital gains. On the other hand, when you sell individual business assets, such as inventory or equipment, much of the gain is considered ordinary income. Gains from inventory, publicly traded securities, and depreciation recapture are not eligible for installment reporting. And if you offer seller financing, you sh
