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    gregj's Avatar
    gregj Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 17, 2010, 08:36 AM
    If a closely held (S corp) is sold, is the goodwill value capital gain?
    I just want to know if I can claim gains from goodwill as a capital gain, or if it needs to be considered ordinary income.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 21, 2010, 02:32 PM
    Wow, that is a REAL complex tax question, well beyond the level of sophistication for this forum, so I understand why no one has answered it.
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