Taxes on Park Sale

I really close to purchasing a park from an owner. She has owned the park for some time and is concerned about losing too much to the government on the proceeds from the sale. In it’s the state of Ohio, which currently has a $250,000 small business deduction, which I feel would minimize the loss in taxes greatly; at least in Ohio. I have suggested seller financing and at one point she mentioned even doing it with no interest, just providing her a down payment and then monthly payments over 10 years. I’ve told her to talk to her CPA, but she said it would require a tax lawyer and it would cost money. Are there some other options or ideas that would be beneficial?

If she is possibly offering a no interest loan and you’re very close to closing, I’d personally pay for the accountant or tax lawyer to do the analysis.

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