There is so much bad information floating around on this subject that it is so hard to determine good guidance. Following is what was quoted on this forum in answer to a question regarding Amortization recapture upon the sale of acquired Goodwill held by a business for more than one year.

"Amortization claimed to date of sale is not recapture income. Your gain is the value of goodwill sold - generally identified by the sale contract - less the adjusted tax basis left in the goodwill as of the date of sale. This gain is capital gain - long term if held more than 1 year.

Is this right?