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Business & farm
You could report the sale of your business equipment as an Installment Sale, with payments in 2019 and 2020 reported as Capital Gains.
- Click on Federal Taxes
- Click on Wages and Income
- Click on I'll choose what I work on
- Under Business Items
- On Sale of Business Property, click the start or update button
On the next screen check the box for installment sales and Continue.
Click this link for detailed info on Installment Sales.
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‎April 3, 2020
12:12 PM