de Free v. Commissioner, T.C. Memo. 1961-325: Goodwill Holding Period for Capital Gains

September 11, 1956

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de Free v. Commissioner, T.C. Memo. 1961-325

Goodwill, especially locational goodwill, requires a substantial period to develop and cannot be considered a long-term capital asset if the business has operated for only a short time.

Summary

Petitioner de Free sold his men’s haberdashery business,

Full Opinion

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SCOTUS Reports

de Free v. Commissioner, T.C. Memo. 1961-325: Goodwill Holding Period for Capital Gains

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