If the distribution exceeds the shareholder's stock basis, the excess amount is taxable as a long-term capital gain.S corporation distributions are not subject to FICA taxes (social security and Medicare taxes).Hopefully, @Brandon Hall will read this and inform us if taking money out is a taxable event.

This could be newspaper ads, bandit signs, direct mail, networking, websites, e-mail blasts, social media posts, etc., etc.... 

Are there any legal implications in not renewing a tenant's lease?

You pay regular taxes, including social security, like a job and there are not many tax breaks.2.

You pay regular taxes, including social security, like a job and there are not many tax breaks.2.

Also any state taxes that might be exempt from a 1031 exchange.Once you add all of that up you should have an idea of the tax implications if you do not complete a 1031 exchange instead.For instance if capital gains, depreciation recapture, and other taxes amount to 400k or 500k that is substantial.If you are talking only 10k or 20k in taxes then it might be better not to exchange and wait while not being under the time constraints of a 1031 to buy another property or if you want to just take the cash for other things.1031 exchanges usually costs about 1,000 or so per transaction but can go up if they get more complex.     

I'm here to learn not to socialize....then again i wouldn't mind hanging out with very successful individuals that i can learn from. 

Also allows you to get more granular on what your tax implications will be.

We are not "buddy buddy" as she is kind of a reclusive lady and is not very social but we are also not enimies by any means.Ideas?

Perhaps a CPA here can answer this question; I asked mine, and he didn't know as I was the first to pose this question to him. He offered to research it, but that costs me money that I don't have now...Earlier this ye...