Business & farm

The sale of the business can be reported in several places depending on what was actually sold ... inventory goes on the Sch C,  the assets (building/land) are sold off in the asset section where they should have been listed, etc.    Did you and the buyer  fill in the form 8594?   That form helps you to know where to enter what ...     https://www.irs.gov/forms-pubs/about-form-8594

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