News for hackers. Stuff that matters.

A comment on I Sold TinyPilot, My First Successful Business. Parent comment

Re:I Sold TinyPilot, My First Successful Business by tradertef on Thursday May 30, 2024 @01:29AM (#40520387)
Why is it capital gains?
[ Parent | on HN ]
Re:I Sold TinyPilot, My First Successful Business by lionhead on Thursday May 30, 2024 @03:48PM (#40527864)
Because he is either selling his shares in the company, or the individual assets owned by the company, either way it should be taxed as capital gains.
[ Parent | on HN ]
Re:I Sold TinyPilot, My First Successful Business by rexreed on Thursday May 30, 2024 @05:36PM (#40528977)
Asset Purchase Agreements are taxed primarily as income. Only a sale of the company ownership or equity would be taxed differently
[ Parent | on HN ]