If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You will have to register
before you can post: click the "Login or Sign Up" link above to proceed. To start viewing messages,
select the message that you want to visit.
Client lives in MO, sold business- assets and goodwill in DE. All assets reported in year of sale because of ord gain. Does the goodwill continue to be a DE item, or would it be like interest and follow the taxpayer?
Client lives in MO, sold business- assets and goodwill in DE. All assets reported in year of sale because of ord gain. Does the goodwill continue to be a DE item, or would it be like interest and follow the taxpayer?
is an asset, the use of which related to DE business,hence any gain is taxable thereto.
Comment