- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Generally, the party responsible for closing the transaction, is required to report the sale.
Report the sale of your business assets on Form 8594 and Form 4797, and attach these forms to your tax return. Form 8594 is the Asset Acquisition Statement, which the buyer and seller must complete and submit to the IRS.
‎February 3, 2021
3:47 PM