Business was a CPA practice that was sold to my dad's former business partner. He told me that it is reportable but not taxable since it was inherited. Where is it reported?
You'll need to sign in or create an account to connect with an expert.
You will report that in the same section that report stock and other investment sales. To enter:
You will report that in the same section that report stock and other investment sales. To enter:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
VAer
Level 4
gansu911
Returning Member
tien1
New Member
SG835
Returning Member
currentform
Level 1
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.