- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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
‎August 26, 2024
9:37 AM