Back to questions

A few months before beginning this course, I signed a contract to sell my share in a family LLC. As I read the language in the contract now, I can see all the mistakes I made. I signed as a “seller” rather than as a woman and the word “income” is used and a relevant tax code is even sited within the contract of sale. I would like to avoid the capital gains tax on the sale as I have a good and true and worthy vision and intention for these funds. Is it possible to avoid this at this point? The same question applies to the distributions I received from the company “income” for the past year. It seems like such a wrong to give these resources to the state and fed governments that are doing so much harm.

Want to see this question answered?

Click the "thumbs-up" icon. The questions with the most votes will be answered.

Responses

Your email address will not be published.