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If you receive a 1099MISC Other Income for Personal Goodwill, how can you report this correctly as long term capital gains rates?

shelby_
Level 1
 
0 Cheers
2 Comments 2
taxiowa
Level 9
Level 9

Not sure what "Personal Goodwill" means, but why do you think it should qualify as long term capital gain?

sjrcpa
Level 15

Enter on Sch D/8949.

Prepare for an IRS matching notice.

Are you sure it's for personal goodwill?

The more I know, the more I don't know.