Looney1966
Returning Member

Sale of business

I have a blog business and want to sell it and was told that I will have to pay capital gains on the sale of it.  It is a Sole prop that I started. I was told that it is worth approximately 150K(based on an evaluation I had done) and I started it from nothing and all assets, which are few, were written off each year.  If I sell it for 225K, is that entire amount a gain?  Is my goodwill or me building up the business and clients it worth anything to bring down the gain?