M
Marion1E
I bought my father in-law's cleaning business. There is no equipment
involved just the client base. I paid a down payment and I am making
monthly payments for the remainder of the purchased business. My
understanding is that I have to amortize this on schedule C, but I am
not sure over how many years. Any help and additional comments are
greatly appreciated.
involved just the client base. I paid a down payment and I am making
monthly payments for the remainder of the purchased business. My
understanding is that I have to amortize this on schedule C, but I am
not sure over how many years. Any help and additional comments are
greatly appreciated.