Have a client right now planning on selling his business this year so his
cap gains won't double later. S-Corp. Have willing buyers but wanted to wait a few years down the road to sell. That's being accelerated.
I think that upping the cap gain rate will just cause people to hold on until the next administration reverses it. So you'll have a 4-8 year dry spell of LTCG being recognized.
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In response to this post by Hoos Operator)
Posted: 08/10/2020 at 1:19PM