When selling business assets, understanding the tax implications is crucial. One area to focus on is Section 1231 of the Internal Revenue Code, which governs the treatment of gains and losses from the sale or exchange of certain business property.
Many Business Tax Limits Have Increased in 2025
Various tax-related limits affecting businesses are indexed annually based on inflation. Many have increased for 2025, but with inflation cooling, the increases aren’t as significant as they have been in the last few years. Here are some amounts that may affect you and your business.