Our S-Corp holding company sold the membership interests of an LLC it owned and operated. In accordance with IRC Section 338, the sale is being treated as a sale of assets.
Is there an article in the TurboTax knowledge base that explains where these assets should be entered in the Step-by-Step "interview" process? I was starting to enter the information in "Capital gains or losses". But the interview moves quickly into narrower choices of selling investments that were more passive than an active operating business.
Thank you.
