✉news BusinessPersonal Finance first seen 13 h ago, last 6 h ago, peak #12
Seller-Financed Business Sale Could Trigger Years of Medicare Surcharges
Original: He Is Selling the Business on a Five-Year Note to Spread the Tax. Medicare Can Turn the Installments Into Years of Surcharges
A retirement planning warning is drawing attention: a business owner selling his company on a five-year installment note to spread out capital gains taxes may be walking into a trap. Because installment payments count as income each year, they could keep him above the income thresholds for Medicare's high-earner surcharges, turning a tax-spreading strategy into years of higher premiums.
Why now: The income-based Medicare surcharge (IRMAA) is a widely underestimated cost in retirement planning, and installment sales are a common exit strategy for small business owners.
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Evidence
- He Is Selling the Business on a Five-Year Note to Spread the Tax. Medicare Can Turn the Installments Into Years of Surcharges · 24/7 Wall St.
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