3 ms·
I don't think grocery stores pay capital gains tax on the sundries they sell. If you sold a whole grocery store, then yes. But inventory is not considered a cap
by ficklepickle 6y ago
I don't think grocery stores pay capital gains tax on the sundries they sell. If you sold a whole grocery store, then yes. But inventory is not considered a capital asset.
https://en.wikipedia.org/wiki/Capital_asset https://en.wikipedia.org/wiki/Capital_asset