USA Medical practice purchase - tax implications


Joined
Jun 3, 2016
Messages
3
Reaction score
0
Country
United States
Hello, I'm in the process of negotiating to purchase a medical practice in FL and the seller has structured the sales allocation as follows:
Assets: $50,000
Restrictive covenant: $25,000
Goodwill: $175,000

From what I've been reading, is it true that I can deduct goodwill (and it must be amortized over 15 years)? Can I also deduct the restrictive covenant? Over what period are assets deducted?
Thanks for any help guys!
 
Ad

Advertisements


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

Top