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Personal Goodwill and the Net Investment Income Tax Logo aicpa

  Christopher W. Hesse, CPA |   Free |   AICPA |   01 May 2016 |   Tax Adviser Magazine

This article discusses when the sale of goodwill related to a C corporation is the sale of a shareholder’s personal goodwill and the reasons the gain from the sale of personal goodwill should not be subject to the net investment income tax.

Topics covered:
  • Tax: Technical: Individual income taxation : Specialized issues, Intermediate
  • Tax: Technical: C corporation income taxation : Formation, liquidation & reorganization, Intermediate