Albuquerque Journal (Albuquerque, NM)

Tax issues involved in sale of a business.(Business Outlook)

Byline: Your Taxes James Hamill For the Journal

Q: I attended a seminar for small-business owners in which it was pointed out that the new tax law makes it much more favorable for business owners to sell.

The lower capital-gains rate helps the seller and the faster write-off for assets helps the buyer. Now, I'm considering selling my business. Does this make sense?

A. I can only address the tax issues of the sale, but to some extent it does make sense. However, there are a few issues to consider before you jump on this bandwagon.

First, the 15 percent tax rate applies only to long-term capital gains. If you sell corporate stock, all of your gain will be capital gain. …

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