Sold half of business for 16,000. How do I enter this in taxes.

account-monthlyb · ‎June 3, 2019

PatriciaV · ‎June 3, 2019

The sale of a business is reported as an Investment Sale. Search on "investment sales" and use the jump-to link to go to the start of that section. If you have other investment sales already entered, choose "Add more sales" at the bottom of the page. Enter only the information for the half that you sold.

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PatriciaV · ‎June 3, 2019

The sale of a business is reported as an Investment Sale. Search on "investment sales" and use the jump-to link to go to the start of that section. If you have other investment sales already entered, choose "Add more sales" at the bottom of the page. Enter only the information for the half that you sold.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Sold half of business for 16,000. How do I enter this in taxes.