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Gain on Sale of a Patent by an Inventor Generally

question 115

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Gain on sale of a patent by an inventor generally is ordinary income.


Definitions:

Equipment Modifications

Changes or adjustments made to machinery or equipment to suit specific needs or improve efficiency.

Grading And Excavation

The process of moving earth, soil, and rock to create a level base for construction projects or to achieve the desired landscaping design.

Expansion Project

An initiative undertaken by a company to increase its production or service capacity, often requiring significant capital investment.

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