I'm just a business owner or other asset owner and was not planning on doing a 1031 exchange...What are my options?

Created by Client Experience Team, Modified on Wed, 15 May, 2024 at 2:26 PM by Client Experience Team

Your options include:

1. Seller carries back: Carry a note for the buyer of your business or asset, although this poses risks if the buyer does not perform.

2. Sell and pay the tax: Pay capital gains tax to the IRS, but this may not be preferred.

3. Use the DST: Defer capital gains tax and invest the funds, allowing for potential growth and tax deferral.