Florida's M&A Advisor and Business Broker
FAQ
How Do I Deduct The Cost Of Goodwill I Purchased With The Business?
There is no simple answer or formula for evaluating this since The Tax code is always changing; so consult a professional on these matters. Currently, the cost of business intangibles such as Goodwill, covenants not to compete amounts, and trademarks are amortized over a 15-year period.
