- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Most states have bulk sales acts where a sale of all, or nearly all, of the inventory (of a business) not in the ordinary course of business must be reported.
Thus, the scenario involves an issue beyond federal income tax implications, the latter of which should actually not raise a significant issue (unless the sale is considered to be a sale of the business).
‎April 1, 2022
8:41 AM
516 Views