Skip to main content
Level 1
December 7, 2019
Solved

Is the sale of a company's "books and record" or "customer list" now considered ordinary income instead of capital gain with the passage of the TCJA?

  • December 7, 2019
  • 1 reply
  • 8 views
No text available
This topic has been closed for replies.
Best answer by TaxMonkey

Only some intangibles were changed - namely patents, trade marks, recipes, models or designs.


self created goodwill is still capital.

1 reply

TaxMonkeyAnswer
Level 7
December 7, 2019

Only some intangibles were changed - namely patents, trade marks, recipes, models or designs.


self created goodwill is still capital.