Capital Gain Tax Losses
March 29th, 2010If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Question: If you sell your business is it a capital gain/loss or is it treated as income for tax purposes?
Answer: The sale of a business is a highly complex transaction, involving the transfer of assets, inventory, goodwill, etc. Each has it’s own tax treatment so professional assistance is mandatory for all parties involved in the transfer. Most business transfers will involve both capital gains (or losses) as well as some component of ordinary gains (or losses).
Treasuries Find Greenspan’s Canary Fainting in Mine (Update2)
March 29 (Bloomberg) — Former Federal Reserve Chairman Alan Greenspan’s warning that rising yields on government debt will drive up American borrowing costs is resonating with the world’s biggest bond traders, who say this month’s losses in the market for U.S.
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Tags: capital, capital gain tax losses, capital-gain-tax, finance, gains, tax, tax losses, taxes