Business & farm


@Looney1966 wrote:

Is my goodwill or me building up the business and clients it worth anything to bring down the gain?


No. The sale of goodwill that, essentially, you created would have a zero basis and anything received above $0 would be capital gain (long-term if more than one year).

 

See https://www.thetaxadviser.com/issues/2015/apr/tax-clinic-07.html