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SE MN | It’s not undercapitalized land that forces the sale. It’s operating losses on the rest of the business along with principal payments on machinery and shops that were either 179’d or bonus depreciated so now there is no offset to the income taxes owed.
Edit to add: The above situation creates the scenario where you can’t afford to make the payment and you also can’t afford to liquidate the asset and pay the tax due, if you are lucky enough for it to be machinery causing the issue. If it’s a new $400,000 shop in the middle of you building site you are married to that boat anchor for the long term…
Edited by Agr723 5/30/2023 21:32
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