Investors & landlords

This is one of those situations where professional assistance may be wise if you don't know what you are doing  ... so your answer depends on what you actually bought ... did you and the seller fill in and file a form 8954 ? 

 

 https://www.irs.gov/forms-pubs/about-form-8594

 

https://www.irs.gov/businesses/small-businesses-self-employed/sale-of-a-business