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Sale of Schedule C consulting business for $100,000

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    #1

    Sale of Schedule C consulting business for $100,000

    Sale of Schedule C consulting business for $100,000. Can I get Capital Gains and QBID?
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    #2
    The goodwill portion of the sale would be Sec 1231 gain.

    "Can I get Capital Gains and QBID?"

    You might want to do a little more research on QBID and how it interacts with capital gain income. TheTaxBook page 8-15 is a good place to start.
    "You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard

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