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Self employed
The sale of the business does not go on schedule C, that is only for business income and expenses. You would bring up each asset that you sold in TurboTax and enter the sale amount for that asset. Turbotax will factor in the depreciation taken in current and previous years and determine a gain or loss on the sale and report it on form 4797.
For the Goodwill, you would report that as an investment sale as follows:
1. Find the "Income and Expenses" menu option in your TurboTax program
2. Find "Investment Income" in the list of categories
3. Click on "Stocks, Mutual Funds, Bonds and Other"
4. Work through the program to find "Choose the type of Investment you Sold"
5. Choose the "Everything Else" option in the list of investments
6. Enter the information requested about your sale (date sold, sale amount, etc)
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