Do I enter the total value of the business sale on line 6 of schedule C?
The business sale just included tools and goodwill, so I enter those valeus on form 8594, tools as class 5, and goodwill as class 7, and send the form with the return?
Are the different classes taxed differently? If so, where and how is this figured? I'm finding it hard to find this info.
Thank you so much,
Doug
