Capital gains due to buyout
We (I and my wife) formed a LLC 4 years back to start a successful business.
However before the business could take off, our partners cheated us and forced us to a buyout.
Though the buyout resulted in some capital gain for us, we have suffered mentally and physically the last 4 years.
Now, on top of this, we would be hit with taxes on the capital gain.
Is there a way to reduce the capital gain by claiming deductions for the work we did while in the business - something like sweat equity?
The payout was in several installments (spread over 2 years), if that would make any difference.
Thanks in advance