***** Scenario 3: Business Sale with Installment Payments and Recapture ...
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Scenario : Business Sale with Installment Payments and Recapture Sole proprietor sells a business, including equipment, for $ Terms: $ down payment, the rest over years. Adjusted basis in the business assets: Land: $ Equipment: $accumulated depreciation: $ Interest and Dividend Income: $ Itemized Deductions: $ Allowable deduction for selfemployment tax: None Calculate: Gain on the sale, type of gain ordinary capital, recapture Taxable income recognized in the year of sale AGI, Taxable Income, and Total Tax Liability for the year of sale
Scenario : Business Sale with Installment Payments and Recapture
Sole proprietor sells a business, including equipment, for $
Terms: $ down payment, the rest over years.
Adjusted basis in the business assets:
Land: $
Equipment: $accumulated depreciation: $
Interest and Dividend Income: $
Itemized Deductions: $
Allowable deduction for selfemployment tax: None
Calculate:
Gain on the sale, type of gain ordinary capital, recapture
Taxable income recognized in the year of sale
AGI, Taxable Income, and Total Tax Liability for the year of sale
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