You'll need to sign in or create an account to connect with an expert.
The sale of a business is comprised of the sale of individual physical assets (if any) and the sale of intangible assets such as goodwill. You will need to tell TurboTax you've sold the business and then record the sale of any assets or goodwill.
To tell TurboTax you've sold the business
To record the sale/disposition of goodwill and any other assets
You may also wish to review TurboTax Tips on Closing a Business
The sale of a business is comprised of the sale of individual physical assets (if any) and the sale of intangible assets such as goodwill. You will need to tell TurboTax you've sold the business and then record the sale of any assets or goodwill.
To tell TurboTax you've sold the business
To record the sale/disposition of goodwill and any other assets
You may also wish to review TurboTax Tips on Closing a Business
Than you
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
cparke3
Level 4
pkcrossley
Level 2
afriedbone
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.