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Can a non compete be part of an installment sale 6252
Can a non compete be part of a installment sale or should it be not attached to form 6252? I entered it as a an asset held for less than one year so it will be short term CG. But when linked to the installment sale I am showing almost a $1100 less in the federal tax owed on a $5000 dollar non compete clause compared to when not linking it to the 6252 owing the $1100... Something is not adding up so Im guessing it cannot be linked?
March 17, 2022
10:29 AM