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How can I know what my CG tax will be before I commit to selling my business for a set price ?

How can I know what my CG tax will be before I commit to selling my business for a set price ? I want to sell low and quick but need to know what I will keep after taxes. My CPA says ...it depends? why is there nobody that can figure this out based on what I have BEFORE I set the sale price and commit to sell?

We are an s-corp with 2 owners. Company has debts of about 150K, grosses 630K last year, 15 years history, cash flow about 100K and the company owes us 200K which I guess we will never see. Thinking of selling for $450K with about 100k of cnc and other machinery plus 25K of raw materials furniture and fixtures, Ecommerce based, direct manufacturing and drop ship sales.

Ballpark CG tax at least ?

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Answers (1)
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The BAF Group LLC
MD

You need a CPA to give you an answer - anyone else that provides you that is potentially steering you in a wrong direction. In the most elementary terms, it will depend on your "basis", which is to say how much you originally invested in the business, subtracted from the Price. But there is much more to it than that. Why your CPA cannot do that is beyond me - but certainly, I do not have all of the facts.

Jan 6, 2016