Business & farm

You can enter the sale of the piece of real estate as the sale of a business asset.  To do this in your 1065 return, please follow these steps:

1. Click the Federal Taxes tab and then Income.
2. On the screen, Your Total Business Income, in the Dispose of Business Property section, click the Start/Update box next to Business Property/Asset Disposal.
3. Continue through the screens, entering the requested information.