One Business Sale, Millions in Taxes: Are You Prepared?

We were talking a little bit on the show this week, guys, about the AI boom and some of the doom and gloom around it, too.

But I'm sure that you've seen a lot of people profit from what's happened with this particular sector.

In fact, a lot of people, I think, you know, back in my home state of Kentucky, they're buying up a lot of land right now.

Companies like Anthropic, a lot of people are making a lot of money with this.

What are you seeing from your own clients and people who come to you for help?

So that's actually a good point because we are seeing more and more of it.

We just had somebody come in the other day.

She's one of those people that had an offer on some property that she has for a data center up in Pennsylvania, up in the Lehigh Valley.

And it was kind of an interesting conversation because the business itself, the land itself is worth about $40 million.

So that's one thing she has.

And then adjacent to that, she has a second parcel of land with the business that she runs on it.

The business itself, it's interesting.

The business, they're offering her $12 million for this business.

Now, the business itself only makes about a $400,000 a year profit.

So the business, the yield on that is only a 3% yield.

So it's not a whole lot of money.

But they're buying it because it's the land and the data center wants all this land.

It's a location, location, location, right? So she's thinking about opening a McDonald's or a Wendy's because that's location, location.

No, I'm just joking.

So she comes to us.

She's got a cost basis in the one parcel of about $3 million.

So it's about a $37 million gain.

And then she has a cost basis of about a million dollars in this corporation that she owns.

So she's got about $11 million gain.

So just all in, she's got about a $50 million gain.