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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?
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‎August 26, 2024
9:34 AM