Because he is either selling his shares in the company, or the individual assets... | Hacker News

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lionhead 5 months ago | parent | context | favorite | on: I sold TinyPilot, my first successful business

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.

rexreed 5 months ago [–]

Asset Purchase Agreements are taxed primarily as income. Only a sale of the company ownership or equity would be taxed differently

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