- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Unless you are in the business of selling business assets (in which case the assets would be considered inventory), the proceeds (presumably resulting in gain) therefrom are not derived in the ordinary course of your trade or business.
Therefore, gain is simply treated as ordinary or capital gain, obviously not subject to self-employment tax, which is the proper treatment.
‎January 23, 2020
10:08 AM
4,408 Views