https://kamiworldwide.co.uk/

Result. If he does not make the election, he would not recognize any gain in 1999. He would recognize a $60,000 capital gain in 2000 and a $60,000 capital gain in 2001. If he makes the election, he would recognize a capital gain of $36,000 in 1999 (40% of $90,000), $60,000 in 2000 (40% of $150,000), and $24,000 in 2001 (40% of $60,000).

As a general rule, you would not make the election and instead defer recognition of gain as long as possible. By deferring, you achieve what amounts to an interest-free loan from the government in the amount of the deferred tax. However, there are instances when it would be better to accelerate your gain. For example, if you have already realized a loss from another transaction, you might want to make the election so that you could currently make use of the loss to offset the gain. Also, the normal deferral approach could cause a greater loss as tax breaks are reduced as adjusted gross income reaches a higher level. The election could spread out gain so as to minimize loss of these tax breaks.


https://kamiworldwide.co.uk/
What if you are being bought out at a loss? In that case, you may want to make the election to accelerate recognition of your loss so that you can more quickly use it to offset gains from other transactions.

For established or ongoing business operations, we will assist you in preparing all federal, state and local tax returns and represent you. If you have any questions, please do not hesitate to call.

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