DonnaB
Level 2
05-08-2020
10:31 AM
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I have a client who is selling their beer distributorship this year. I am trying to calculate ordinary income v capital gains. One of the assets is the liquor license. When I "sell" it in the software it is treating it as ordinary income when it should be capital gains. On the depreciation screen I have it as amortizable over 15 years. How do I make it so that it is treated as capital gains? TIA
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