sale of corporate books and records - ordinary or capital

[schirallicpa]

As part of a sale of all assets of the company, some money was allocated to "sale of corporate books and records".  Not really sure if this can hit Schedule D or if this is ordinary income.  

Thank you for your opinions.

 

[jklcpa]

I looked this up, and according to Form 8594 instructions, business books and records would be in Class VI as sec 197 intangibles.

[schirallicpa]

Thank you!  I wasn't finding anything.  You are awesome!!!!!!