Cost basis of intagible assets in sale of small business

Feb 07, 2007 0 Replies

I sold a very small business for $10,000. There were a few tangible assests, amounting to perhaps $800. The rest consisted of: a mailing list that I had created the computer programs I had written to operate the clerical parts of the business the name of the organization, its format and goodwill. I have no idea how to estimate the cost basis other than that of the tangible assets. Does anyone have an idea of what I should do, or where I can get the information I need. Thank you.


-- Jerry Bank Trenton, New Jersey Music is the language of the gods.



>
>
>
>
>
>
>
>
>

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required