The Intellectual Property Law Server

Welcome, Guest. Please Login or Register.
Dec 8th, 2022, 3:48am

Forums Forums Help Help Search Search Members Members Calendar Calendar Login Login Register Register
   Intellectual Property Forums
(Moderators: Forum Admin, JimIvey, JSonnabend)
   Selling my Software Ownership
« Previous topic | Next topic »
Pages: 1  Reply Reply Send Topic Send Topic Print Print
   Author  Topic: Selling my Software Ownership  (Read 1323 times)


Posts: 1
Selling my Software Ownership
« on: Oct 9th, 2007, 8:58am »
Quote Quote Modify Modify

I'm selling my copyrights, ownership, source code etc of a software I developed to my reseller. I would like to know if this can be considered as capital gains or is there some other way to minimize my tax liability and not be considered ordinary income.
I never had a cost basis for this software and all expenses were straight deductions (E.g. salaries, computers, rent, etc)
What is the best way to claim this transaction for tax purposes for a Sub S Corp?
IP Logged
Pages: 1  Reply Reply Send Topic Send Topic Print Print

« Previous topic | Next topic »
Powered by YaBB 1 Gold - SP 1.3.2!
Forum software copyright 2000-2004 Yet another Bulletin Board