I sold my business this year. I started it from scratch 10 years ago. How do I calculate the cost basis?

annemarie · ‎June 6, 2019

Hal_Al · ‎June 6, 2019

From your own records. Your cost basis is all the money you put into the business, less the amounts you previously deducted on schedule C, over those 10 years.

View solution in original post

annemarie · ‎June 6, 2019

I have used QB for the last 10 years for that business. Is there a report/line that would show me that number? Thank you.

SSoumya · ‎June 6, 2019

Thank you for reaching out to us @annemarie. Please contact QuickBooks support or take a look at the QuickBooks tutorial page:
<a rel="nofollow" target="_blank" href="https://community.intuit.com/products/quickbooks-help-en-us">https://community.intuit.com/products/q...>
<a rel="nofollow" target="_blank" href="https://quickbooks.intuit.com/tutorials/">https://quickbooks.intuit.com/tutorials/</a>

I sold my business this year. I started it from scratch 10 years ago. How do I calculate the cost basis?

Investors & landlords

Investors & landlords

Investors & landlords