The Nevada pharmacy being sold by the pharmacy owner is considered a capital asset.  The difference between the amount the asset is sold for and the amount spent to either purchase or start the asset is a capital gain or capital loss.  All capital gains and losses must be reported in the United States and appropriate taxes must be paid.

There are specific tax strategies available to help offset some tax liabilities when selling a pharmacy or drug store in the state of Nevada, and unless you use a professional who has handled a large number of pharmacy acquisitions, you will most likely be unaware of the federal regulations which allow for the reduction of tax liability for the pharmacy owner.

Many Business Brokers, CPA’s, attorneys, and other professional advisors inform their clients that selling a pharmacy in Nevada will result in tax consequences. However, most of these professionals do not handle the buying and selling of pharmacies on a daily basis and may not realize the different aspects of structuring a pharmacy transaction allowing the reduction of the tax burden to the pharmacy owner.

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