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Business & farm
Hello - I am using Turbo Tax for Business. My S Corp business sold during 2019 for which I received a payment for inventory and goodwill. All other assets are fully depreciated. Turbo Tax for business doesn't seem to be prompting me for form 8594 or for Schedule D (isn't that where I should be reporting the gain)? Or, do I only report the gain on my personal tax return 1040 and file the 8594 separately?
‎February 21, 2020
2:43 PM