THE 1031 EXCHANGE INSTITUTE
Your Complete Resource for 1031 Tax Deferred and Tax Exclusion Information and Beyond
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The 1031 Exchange Institute
Welcome to The 1031 Exchange Institute™. The 1031 Exchange Institute is your complete online resource for 1031 exchange, 1033 exchange, 1034 exchange, 721 exchange, 453 installment sale and 121 exclusion information. Information will also be provided regarding Self-Directed IRAs, including Traditional IRAs, ROTH IRAs, SEP-IRAs and SIMPLE IRAs.
The 1031 Exchange Institute is dedicated to educating and informing real estate investors and their advisors on the benefits of 1031 tax-deferred exchanges and other tax deferred and tax exlcusion strategies so they can make better informed investment decisions.
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It really depends to a large extent to what your goals and objectives are. What do you want to do now? Do you want to acquire another business? Are you cashing out and retiring?
I am going to refer you to The Center for Wealth & Legacy Studies. One of their adivsory team members will be able to assist you. You can contact them through their website at http://wealthlegacyseries.squarespace.com/
Can you give them an idea of what your goals and objectives are. Has the business been sold yet? Is it under contract? What is your cost basis in the business? Do you have any debt related to the business that will be paid off, or any other debt that you plan to pay off with the sale proceeds? Are you planning on retiring? Cashing out? Buying another business?
There are a number of options depending on where you are at in the transaction. It is important that we explore all of them to make sure that the option most suitable for you is selected.
Do you have legal and tax counsel?
There are also more than capital gain tax issues here. There are long-term planning issues that you might want to take a look at now as well.
You did not leave your contact information in your post, so I'm hoping that you will be checking back shortly.