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Business & farm
Thanks. This is the first year of business...so I am reporting purchase of business, including on goodwill, on Form 8954. So, I can enter revalued goodwill in Part III? I am not sure about "previously reported" since I am revaluing the goodwill in the same year and form that I am reporting original value/price paid.
Will appreciate the clarification.
May 8, 2020
10:20 AM