USA Getting Paid after full Depreciation

Joined
Jun 27, 2019
Messages
3
Reaction score
0
Country
Belarus
I am a nonresident alien and I am planning to sell IP for the software to the C-Corp. The timeframe, within which the C-Corp will to pay for the software, is 5 years. The software is custom designed, not off-the-shelf one, so it will be fully depreciated within 3 years. So, I will get paid after the C-Corp entirely depreciates the software. Do I get it right that I will not have to pay any taxes except personal income tax on the amount of the entire software price?
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

Forum statistics

Threads
11,629
Messages
27,577
Members
21,385
Latest member
faisal

Latest Threads

Top