Dentist Sells His Practice for $1.2 Million. Nobody Told Him It Means Eight Years of Medicare Surcharges.

Dentist Sells His Practice for $1.2 Million. Nobody Told Him It Means Eight Years of Medicare Surcharges.

The post Dentist Sells His Practice for $1.2 Million. Nobody Told Him It Means Eight Years of Medicare Surcharges. appeared first on 24/7 Wall St.. Picture a dentist who built a practice over three decades. He sold it at age 66 for $1.2 million structured as an eight-year installment note, and walked into retirement thinking he had done the smart thing. His CPA told him the installment structure would spread the capital gain, soften the tax hit,…