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My client has 2 other bread routes, one goes back to 1987 that she's selling in 2024, so this should be interesting. . .
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Thank you for confirming what I had calculated. A bread route is something I hadn't seen before, LOL. So record on 4797 and Sched D, correct?
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My understanding is that the original purchase price should have been amortized as an intangible asset. The client does not have her old tax returns and she doe...
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Thank you. My concern is that it meets all the requirements for a community property state in AZ -that it isn't considered community property.
