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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 586
Experience:  10 years experience
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I just sold my S corp business June 1st for $1.8m thru SBA,

Customer Question

I just sold my S corp business June 1st for $1.8m thru SBA, I'm holding 13% over the next 5 years so after brokerage I received roughly $1.2.$432k in assets depreciated to $83k. How can I reduce my taxes on the sale?
JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?
Customer: no
Submitted: 3 months ago.
Category: Tax
Expert:  Mark Taylor replied 3 months ago.

Hi, my name is Mark. I will be happy to help you with your questions. Did you sell the assets or was it a stock sale?