Capital Gains and Losses
Capital Gains Tax Questions? Ask a Tax Advisor for Answers ASAP
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It is likely that much of your business sale will be capital gain on the gain. There can be ordinary income components. It depends on the assets you are selling.
Businesses are sold as a list of different assets, like accounts receivable, inventory, a customer list, and many other components. Once you determine the assets you are selling, you allocate the purchase price to each. Some are ordinary income, some capital gain.
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