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BluDotLuv
April 2, 2025
Question

Capital Gains

  • April 2, 2025
  • 1 reply
  • 0 views

I am selling my business and wondering about strategies to minimize capital gains? Or roll it over to another business to minimize what is paid in taxes?

1 reply

R
RobertB4444
April 2, 2025

A 1031 exchange allows you to defer capital gains on the sale of one investment or business property if you purchase another similar property within a set period of time.  There are a lot of catches and rules and it requires that you never touch the money from the sale.  So there are 1031 professionals who handle the whole thing for you.

 

Here's some more info on 1031 exchanges.

 

@BluDotLuv 

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