2. A calendar year corporation Zeeb acquires a business from a sole proprietor Vince, and Zeeb records $360,000 of goodwill for book and tax purposes. The acquisition takes place on November 1.

How much if anything can the corporation deduct with respect to the goodwill in the year of the acquisition? [answerA]

3.

A calendar year corporation Zeeb acquires a business from a sole proprietor Vince, and Zeeb records $360,000 of goodwill for book and tax purposes. The acquisition takes place on November 1.

a) How much if anything can the corporation deduct with respect to the goodwill in the year of the acquisition?

1. Does Zeeb have a book/tax difference in year 1, yes or no.

2. If there is a difference is it temporary (T) or permanent (P)

3. If there is a difference is it favorable (F) or unfavorable (U) (T)