You mention inventory. Sale of inventory is 100% taxable in the year of sale. Goodwill sold is eligible for installment sale. Entering the wrong date may fix it but it isn't valid. Take a look:
- Check your asset classifications - no inventory or depreciated property
- Look for the recapture question - how much prior depreciation was taken? That goes to line 20
- Look at the asset entry worksheet to see where the software is pulling the recapture data from.
To print or view your forms, including all worksheets:
- In desktop, switch to Forms Mode.
- For online:
- On the left side, select Tax Tools
- Select Print center
- Select Print, save or preview this year's return
- If you have not paid, select pay now.
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