On Vehicle screen
Either you sold the vehicle as a part of the business sale transaction, or you did not. There is no grey area here. If you did not sell it as a part of the business sale transaction, then it was removed from the business for personal use. Even if you sold the vehicle as it's own separate transaction which is not dealt with at all, in the business section.
What is COGS screen? It did not ask me for EOY inventory maybe because I selected "I sold or disposed the business".
Actually, COGS (Cost of Goods Sold) is a section, not just one screen. If your business carried inventory, then your End of Year (EOY) Balance must be zero upon disposition of the business. It is not considered as completely disposed of, until then. If your business never reported inventory, there's no need to work through that section.
My business sale price = Inventory amount + F&E and (No goodwill charged)
Sold Inventory as part of sale, the inventory amount will be considered as income? Where do you input that? or Turbox auto-calculate/input it?
Just report your inventory sold "at cost". The amount you sold it for would be entered as regular business income. Then subtract that business income amount from your sale price, so you're not taxed on it twice. You won't be taxed on it at all, if sell it for what you paid for it. the "Cost of Goods Sold" amount will basically "cancel out" the taxability of the amount you entered/included as business income for that inventory.
