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Subject:  Re: non-compete income Date:  3/18/2000  2:07 PM
Author:  TMFTaxes Number:  32055 of 127986

<<In 1999 I received non-compete income. Is non-compete income treated as ordinary income that I would report on my schedule D? Thanks in advance for any guidance.>>

If you receive NTC income from a business asset that you sold, it's likely that the NTC income will be reported as the sale of a capital asset on Sch D.

But if you are simply receiving income for your agreement not to compete, it's generally simply ordinary income and should be included in your W-2.

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