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S-Corp sold 1 of 2 businesses. How do I report it in TurboTax?
I am 50% owner in an S-Corp that operates 2 businesses (franchises with the same franchisor). We sold 1 of the 2 franchises in 2020. I know there will be some depreciation recapture but how do I report the actual sale of the business?
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‎February 7, 2021
1:39 PM