New Tax Act Disqualifies Self-Creations from Capital Gains Treatment
//TCJA: Gain or Loss from the sale, exchange or other disposition of a self-created patent, invention, model or design, secret formula or process are no longer treated as the sale of a capital asset under section 1221(a)(3). The Tax Cuts and Jobs Act (the “TCJA”) was signed into law by President Trump on December 22, […]