Appropriate a Book of Business, Capital or Ordinary Gain?

If an investment advisor is terminated by the bank he works for and the bank keeps the advisors book of business, is the bank compensating the investment advisor for the sale of his book of business or is it paying compensation? One would seem to produce capital gain and the other ordinary gain. The court […] The post Appropriate a Book of Business, Capital or Ordinary Gain? appeared first on Houston Tax Attorneys: Mitchell & Patel.

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