Ben expects to sell his interest in the business three years from now. He expects to sell his interest for $300,000. The income and expense items are expected to be exactly the same for the next three years (except for the amount of depreciation). What will be the tax implications of this sale under each form of entity (assume the entity still has the$80,000 loan and the other loan is paid off).

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When selling a C corporation the tax implications for the seller in this case Ben depend on the form ... View the full answer