dellag
New Member

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?