I'm considering selling my online distribution business in order to use the funds to assist with the SBA down payment and working capital when I eventually close on a deal. The business would likely sell for around $350k. Is there a way to avoid/defer paying capital gains tax on this sale if I roll the funds into a new deal? That extra $100k would make a big difference as you could all imagine.

A few years ago, my understanding was that you could use the 1031 exchange for cases like this. Unfortunately, that rule now only applies to real estate from what I understand.

Any insight is greatly appreciated.