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East Tennessee | I'm going to sell my land here and move 850 miles east.
1. When the land sells the bank will be paid off and I'll have some cash left over.
2. I'm going to sell some equipment and pay off some loans and I'll have some cash left over.
3. When my home (in town) sells the bank will be paid off and I'll have some cash left over.
What do I need to do with the cash left over from the separate deals to avoid as much taxes as possible if at all possible?
1. Put it all on the new place east I'll be buying?-Has a house on it that needs some fixing-if that matters.
2. Pay taxes on all the cash left over with the cash left over?
What is the strategy?
Is there a strategy?
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Asset liquidation tax situation questions
