Broker Check

The Sale of a Share of a Partnership

The client had an offer of $800K for their share of a partnership. They wanted to take some cash at closing, but taking the full amount would have resulted in a much larger than desired tax bill. We did a Simplified Structured Installment Sale that moved receipt of $500K from the sale to January of the following tax year. Distributing the income over two different tax periods, allowed this client to save $70K in taxes.