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Technology Stocks : AUTOHOME, Inc
ATHM 22.15-2.0%Jan 9 9:30 AM EST
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To: KW Wingman who wrote (19336)1/31/2000 5:57:00 PM
From: gpowell  Read Replies (1) of 29970
 
I read them, as well as other relevant sections, at: uscode.house.gov

There is nothing wrong with your deductive reasoning. However, I believe you are confusing the language of goodwill as used in Generally Accepted Accounting Principles (GAAP) with the language used in the tax code.

It is difficult, especially for someone ignorant of how these codes are usually interpreted, to make a definitive statement on what is or is not deductible. Therefore, I have deferred to more qualified opinions; their conclusion, and this includes ATHM, is that the goodwill generated from the merger is not deductible.
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