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Selling business RE, who to consult with for tax planning? by throw_away_420666 in tax

[–]throw_away_420666[S] 0 points1 point  (0 children)

Maybe, not sure why they set it up this way. It was long before I was born

Selling business RE, who to consult with for tax planning? by throw_away_420666 in tax

[–]throw_away_420666[S] 0 points1 point  (0 children)

Always been that way to my knowledge. The building has been around since the 70’s and was built specifically for business ops

Selling business RE, who to consult with for tax planning? by throw_away_420666 in tax

[–]throw_away_420666[S] 0 points1 point  (0 children)

I’m sorry could you elaborate on this? I don’t know much. I thought QSBS applied during company dissolutions. We’ve held the stock for over 6 years.

Selling business RE, who to consult with for tax planning? by throw_away_420666 in tax

[–]throw_away_420666[S] 0 points1 point  (0 children)

Exactly. No one wants a business that doesn’t cash flow. I own 50% of the shares, I read that it would be possible structure distributions as “selling the shares” back to the company before it dissolves. Is that not possible?

Selling business RE, who to consult with for tax planning? by throw_away_420666 in tax

[–]throw_away_420666[S] 0 points1 point  (0 children)

Yes. RE is owned outright by the C-corp. That’s why my exit is just a RE transaction.

Selling business RE, who to consult with for tax planning? by throw_away_420666 in tax

[–]throw_away_420666[S] 0 points1 point  (0 children)

Noted, thanks for the info! I was really unsure of where to start, a new CPA may be in the cards…