dandbq
New Member

Where can i report gains from a corporate buyout due to retirement and paid to me as multiple installments?

I was in a medical physician business partnership set up as a corporation. Upon my retirement the remaining partners are buying-out  the value of my interest in this business. I will be paid over the next five years in installments starting may 2023 monthly with a first installment of 20% . The total  received will be valued as greater than the capital contributions I have previously invested through my participation in this business. So I will need to report the net gain somewhere. how and where in Turbotax can I do this?