I’m interested in hearing from anyone who has invested with companies such as REI Energy, Eckard Enterprises, Alliance Petroleum, or Alpha Seven specifically for working interest opportunities to offset capital gains
Are you attempting a 1031 exchange? Investing in working interests can be risky and you need to carefully analyze any investment, whether it is individual wells or a fund. Be sure to understand how any income will be taxed, as ordinary income tax rates are higher than capital gain rates. Discuss your tax situation with your CPA.
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, it is business sold only not with the property and earned income is already offset with retirement planning, thank you