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My company has an existing loss at this point. I sell the (one-off) product that the company produced and the purchase price exceeds the loss.

Do I just pay tax on the difference?

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1 Answer

Are you mixing asset acquisition and buying a company versus buying a product?

Sales of a good can generate two types of taxes - a usage or sales tax and then income taxes. (this is for USA other taxes like VAT exist for Europe)

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