turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I sold my business in 2024. Where do I enter the money I made off the sale?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
LeticiaF1
Employee Tax Expert

I sold my business in 2024. Where do I enter the money I made off the sale?

You will need to go through your business entries as if you were reporting your business if it was still open.  As you go through the interview, TurboTax will ask if you stopped your business.  It'll ask for more information on how to closed the business.  You will still have to go through the interview process for the business. The program will ask about income and expenses, and about any assets that the business had.  

 

For more information visit the following links for both IRS and TurboTax information on closing a business:

 

Steps to take to close your business

Closing a Business

 

 

 

 


 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question