Three Taxes to be Aware of When You Sell Your Practice

On this episode of 20/20 Money, I keep the theme going of "Selling in September" and talk about three of the biggest taxes to be aware of when you sell your practice and how those taxes will impact the net proceeds that you will walk away from after the sale of your practice. I also discuss the ongoing investment-related taxes that you need to be aware of as well and which investment vehicles are usually more tax efficient for a non-retirement brokerage account, which is typically the type of account that an OD will use for the net proceeds from the sale of their practice. In addition, I also provide a link to a more detailed discussion on ETFs (Exchange Traded Funds) for those that want to get a bit deeper on ETFs.

http://investorfieldguide.com/balchunas/ Capital Gains Tax Rates

—————————————————————————————————— Please rate and subscribe to 20/20 Money on these platforms Apple Podcasts Spotify Google Play Stitcher ——————————————————————————————————

For past episodes of 20/20 Money with full companion show notes, please check out our episode archive here!