My client is in the process of selling their CA business (gain on the sale will exceed $1 million), and on top of the current 23.8% cap gains with NIITs, they are facing a substantial amount of CA state tax as well. Their fear is the potential of the cap gains tax rate bumping up near 40% in 2021, if that's changed under the Biden administration and they don't sell prior to Dec 31 of this year. Lots of unknowns there as who knows when/if tax rates will change in 2021, but other than doing an installment sale are there other strategies to be considered to try lowering the amount of capital gains/state taxes that will have to be incurred on the sale of the business? The seller doesn't want to retain any ties with the business they're selling, and I'm just trying to see if there are other possibilities to consider to avoid some tax on the sale.