Thanks very much for your reply.
I am using TurboTax Self-Employed, online addition.
My business only has one asset, a laptop, and that was fully expensed the year I bought it under Section 179. No inventory.
In Self-Employed, I click through to "Self employment income and expenses" and then click "Edit" next to my business. Under "General Info" I have selected "Yes" under "Stopped work in 2019."
As I click through that section there is a screen that says "Tell us if any of these situations apply" and the three options are "I sold my business to a related party," "I reported the sale using the installment sale method," and "I exchanged the business in a like-kind exchange transaction." None of those are true (I sold the business for cash to another business I had no relation to) so I click "None of these apply."
Then I proceed to enter all of my income and expenses for the year through November 1st.
The issue of the sale of the business never comes up from that point on?
How do I report the sale price of the business?
Thanks.
