Patents are treated as capital assets when being exchanged but are excluded from the definition of capital asset when held. Perturbing!
John R. Dundon II, E.A. | Fellow, National Tax Practice Institute
Mon-Fri: 9:00 - 5:00
Patents are treated as capital assets when being exchanged but are excluded from the definition of capital asset when held. Perturbing!
I am opposed to all tax strategy patents. They are bad public policy and harmful to taxpayers and their advisers. No one should have a monopoly on part of the tax code and no taxpayer should be subject to paying…
IRS PTIN: P00605639
Enrolled Agent #: 85353
Email: john@johnrdundon.com
