David Posted July 14, 2016 Report Share Posted July 14, 2016 H&W owned heating and plumbing C Corporation had an asset sale in 2015. The sale agreement also included a non-compete and owner assist to provide consulting and services for 20 hours up to 6 months. I want to confirm that the goodwill is considered gain to the corporation and not to the individuals. The C Corp has a huge NOL carryforward, not that this matters. My understanding is that the goodwill will be considered part of the gain to the C Corp and netted against the NOL. Is this the correct way to handle this? Thanks. Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted July 14, 2016 Report Share Posted July 14, 2016 Sounds correct to me. Quote Link to comment Share on other sites More sharing options...
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