How would an s corp record the sale of a lease? The business was closed and the lease was transferred to another business. Should it be included in the business income?

nam1 · ‎June 5, 2019

MinhT · ‎June 5, 2019

If the lease transfer was done for compensation, that compensation must be reported as business income.

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MinhT · ‎June 5, 2019

If the lease transfer was done for compensation, that compensation must be reported as business income.

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