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Business & farm
Where I have it now is in "All Other Income" where I've described the transaction accordingly as "Sale of Business Deposit." I'm know I'm paying taxes on that amount in 2024, because it's changed my +/- considerably. I'll assume for now, that for tax year 2025, I won't have to include that amount again (in hopes of not being double taxed), but rather I'll enter the details of the sale of the business and the categorized totals accordingly, and only enter the remaining proceeds of the sale less the amount received in 2024.
March 6, 2025
2:13 PM