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May 21, 2024

A three-step strategy to save tax when selling appreciated vacant land

(LTCG) Net Long-Term Capital Gain, Land as Investment Property, Real Estate /

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that you want to subdivide into lots, develop them and sell them off for a big profit. Either way, you’ll incur a tax bill. For purposes of […]

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Tax tips when buying the assets of a business

C Corporation, Merger & Acquisition, Past-Through Entities, Small Business, Small Business Owners, Small Business Tax Tips /

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: In this article, we’re going to focus on buying assets. Asset purchase tax basics You must allocate

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