I am wondering how to enter the sale of my service based business. I sold it in April of last year and it was an installment sale, meaning the owner is going to pay me over the next 2 years. Do I enter this under the "Sale of Business Property" section? There were no assets in the sale, as I owned no business property other than my tools, which I I wrote off in the year I purchased them. I started the business 7 years ago from nothing, so the purchase price was $0.
How do I enter this into TurboTax Home & Business 2023? Thanks for the help!
