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Sale of A Contract: Capital Gain or Ordinary Income?

By Farrell Fritz P.C. on July 10, 2017
Posted in Federal Tax Issues

Maximize Capital Gain

In the sale of a business, it is the goal of every business owner and his tax adviser to minimize the amount of gain recognized and, to the extent gain is recognized, to maximize the amount that is treated as capital gain.

Property Used in Trade or Business

The gain realized on…

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