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    Sale of a business

    Is the sale of a law practice subject to long-term capital gain? How do you reflect the sale on a tax return.

    The sale consists of client cases. (intangible asset)

    references or sources? Irs pubs, etc. Thank you!

    Jordan l. Mehlinger

    #2
    Starting point:

    https://www.natlawreview.com/article...r-law-practice

    and

    https://www.irs.gov/businesses/small...-of-a-business

    You might consider consulting a tax professional, especially a Tax Attorney. good luck
    Last edited by TAXNJ; 08-13-2019, 08:49 PM.
    Always cite your source for support to defend your opinion

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