grandmabee Posted March 12, 2014 Report Share Posted March 12, 2014 If you are the seller and had to break down the sell price which would you want the higher price go to. Assets: Equipment, Bld. Land Goodwill Convent not to compete I would like some second opinions please. Quote Link to comment Share on other sites More sharing options...
Lee B Posted March 12, 2014 Report Share Posted March 12, 2014 It's hard to answer without knowing what kind of entity is involved. Plus it's supposed to be FMV ??? Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted March 12, 2014 Report Share Posted March 12, 2014 If you are the seller and had to break down the sell price which would you want the higher price go to. Assets: Equipment, Bld. Land Goodwill Convent not to compete I would like some second opinions please. I would want it to be based on FMV, supported to the best of my ability, including appraisals where possible and practical, so that it can withstand an audit. Significant sales of capital assets are one of the primary 'audit flags', in my experience. Goodwill and Non-Compete are for 'what is left over'. Quote Link to comment Share on other sites More sharing options...
michaelmars Posted March 12, 2014 Report Share Posted March 12, 2014 ASSETS, it would be cap gain. Quote Link to comment Share on other sites More sharing options...
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