| Author |
Message |
Jim Schad (Jim_schad)
Intermediate Member
Username: Jim_schad
Post Number: 1892
Registered: 7-2002
| | Posted on Thursday, September 25, 2003 - 12:02 pm: | |
I think with real estate you claim the capital gains, but have something like 6 months to roll into a property of like kind with no tax implications. As for a brick and mortar biz I don't know.
Dr. Tax? where are you? |
G. Green (Mr_green)
Member
Username: Mr_green
Post Number: 379
Registered: 8-2003
| | Posted on Thursday, September 25, 2003 - 11:48 am: | |
If you buy a business today and depreciate it over a 5 year period then you decide to sell the business, Do you then have to pay capital gains on your profits or can you roll it into another
business.If the latter is the case,How much time do you have to do this. |
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